franciskim
Short

Bearish outlook for Netflix

NASDAQ:NFLX   NETFLIX, INC. - COMMON STOCK
109 1 0
Although I am long this stock, I am a bit bearish with my view. First off, the price seems to be too much above the cloud right now. There is much more downside than upside. If it holds, then eventually it will find support - but it definitely does need to consolidate a little for this momentum to be healthy.

Also I read about some insider sells which gives me some doubts about the upcoming earnings - revenue growth rate is probably slowing.

I will probably close my long position for a few k profit then enter short until just after earnings .

Follow me on StockTwits:
http://stocktwits.com/SHIGGA
Francis Kim Digital Development: https://franciskim.co | Mobile & Web Apps | eCommerce Development (Magento) | Blockchain, Private Tokens, ICO, Machine & Deep Learning
be careful the ichimoku just gave a strong tk cross to the upside on this weeks candlestick and the candle stick has broke out of a all time high or swing high on this candlestick
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out