It''s actually amazing that analysts still pump this thing up. What are the most watched shows on Netflix? What shows are all leaving for their original creators new streaming services? Unless NFLX changes it's business model (goes to weekly new episodes, instead of all at once), I don't see how this wasn't just a giant bubble. Personally, I buy NFLX for a month when a new season of a show I want to watch comes out. I don't have to buy 3 months worth, cause I get it all at once. These new seasons of their "original" content is all they are going to have left before long. I guess NFLX could create it's own mega sitcom that keeps people around, but until then..... The rest of FAANG has a good argument atleast for staying bullish. Netflix does not at all.
First target is the pink trendline, we should see a bounce from there. Then there isn't much support until the December lows.
T1: 299
T2: 230
T3: 200 (Things need to change, to avoid 200 imo)
**NOT Trade Advice, Please Do Your Own Research and Analysis!
First target is the pink trendline, we should see a bounce from there. Then there isn't much support until the December lows.
T1: 299
T2: 230
T3: 200 (Things need to change, to avoid 200 imo)
**NOT Trade Advice, Please Do Your Own Research and Analysis!
Comment:
Likely we'll see a retest of the 333-336 area we broke through before going lower.