ziler

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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.