Netflix parabolic arc retracement, Parabolic Arc patterns return to at least 50-62% of Prior rise in correction mode A Close below 510 will bring the targets of 435//363/272 Targeting the .486 fib below this the .618 fib.
Netflix has had a few years of spectacular growth and has been the clear winner in the streaming wars for many years. The competition is hotting up and many users may drop off or move to other platforms, netflix just raised their prices in the US which i believe will hurt subscriber numbers over time.
Trade active
⋅
$406 After hours
Comment
⋅
Netlix hit second target i bought at $360 with tight stop
Netflix down to $406 After hours trading, can possibly get to $363 before small bounce or if the market goes into crazy sell mode and longs start getting liquidated, look out below