Rilez

Netflix and Crash

Short
NASDAQ:NFLX   NETFLIX INC
Looks way to familiar.... Bubble ready is to pop monthly BB bands are extremely wide, looks identical to the Bitcoin bubble that just happen. Monthly RSI is extremely extended 90 on the monthly. This will not end well 20%-60% pull back is due once market sentiment changes. Neflix's Weekly RSI is showing bearish divergence. NASDAQ is showing massive weekly bearish divergence, which gives more confirmation for NETFLIX short. Look for daily to start to move down for confirmation and short entry. NETFLIX is very bullish on average and highly risky to short if not watching on a day to day basis. Cheers and good luck.

Comments

You cannot short this bubble.The only way to play this is straddle.Intraday long positional short
+1 Reply
Rilez HarishRavi
Depends what your target is and what your trying to accomplish. I am pretty confident in what I see and that a correction is due.
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@Rilez, i hold puts too but trust me playing bubbles are not easy
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Don't disagree that NFLX appears over-extended but they do have over 100 million subscribers worldwide and growing. How many people had a bitcoin wallet when the price peaked in December? 20 mil?
Also, Netflix only doubled in the last 6 months ($200->$400).....Bitcoin practically 10x'd in the 6 months leading up to the peak ($2,000->$20,000).
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Rilez Triple_Barrel_Capital
@Triple_Barrel_Capital, Agree complexly comparing Netflix and BTC is kinda not fair given that NETFLIX is established product. Bitcoin still so new only has 0.07% of internet population with private key wallets. Chart wise I still think NETFLIX will have some pain. I have been a NETFLIX holder for a while and it is feeling to Euphoric. But who knows NASDAQ market is the biggest bull of them all and can is know to defy odds. That being said entire NASDAQ market is over extended IMO. People have to take profit eventually.
+1 Reply
@Rilez, I agree people are blindly in love with the stock much like TSLA and ignorant to it's valuation metrics. What will be it's eventual downfall I believe is competitors finally gaining traction in the coming year and/or if subscriber growth slows or stagnates. Nonetheless the equity to crypto comparison is an interesting one, keep up the good work sir.
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Rilez Triple_Barrel_Capital
@Triple_Barrel_Capital, You make some very good points and thanks for the kind words. Cheers!
Reply
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