JK_Market_Recap

Investors are reacting irrationally? Would you buy the dip?

Long
BATS:NFLX   Netflix, Inc.
Netflix shares are falling excessively, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 created doubts in investor minds about growth peaking in some markets for the streaming pioneer.

Investors are reacting irrationally by selling it hard now.

On the other hand, its downward price trajectory is making it more attractive to us contrarians.

Price has lost support of $574.

Next support and DCA buy zone is $496.

Ascending and descending price targets have been pointed out and mapped out


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.