Netflix has respected this channel for the last 20 years and has made contact with the bottom of the channel twice. The first time was October 2002 and the second, exactly 10 years later in October 2012. Almost 10 years later and it looks like it might be eyeing a third contact with the bottom of the channel. 200 day monthly MA hovers below as additional support.
Will this be a very unique buying opportunity or is more fall to come?
What do you think? Will history repeat itself or will this time be different?
Will this be a very unique buying opportunity or is more fall to come?
What do you think? Will history repeat itself or will this time be different?