ew-forecast

Netflix At Technical Support

NASDAQ:NFLX   Netflix, Inc
So much talk about $NFLX. Lot of people see it going to 100, others are considering buying some shares.

They have some really good documentaries, they are going to stay here and more importantly, people will continue to use it. Not accounting Russia, and they would be up 500k on subs!!

From an Elliott wave perspective, we see five waves down headed into technical support so there can be some rally coming, especially after massive long liquidations and margin calls.

BTW, I am not long, but I am watching it and I could consider some long-term longs at 80-120 area.

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