franciskim
Short

Bearish outlook for Netflix

NASDAQ:NFLX   NETFLIX INC
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, Desktop & Web App Development | eCommerce Development (Magento, Shopify, WooCommerce)
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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out