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WillNixTrading
Nov 21, 2018 5:53 PM

NFLX - Ready to Fall Short

Netflix, Inc.NASDAQ

Description

Whats up Traders -

Technical Analysis - The tea leaves

Seeing a top heavy NFLX Chart
NFLX Broke long running trend and burst up
Price Burst has 'stranded' a lot of investors in the latest decline
Expecting the January Price Gap to fill and quickly when it does

Fundamental Analysis -
NFLX gave a solid beat to earnings estimates
The stock movement resulting from this was short lived
Netflix is running into more and more competition in the space
They are overvalued P/E with a negative future earnings outlook
Comments
pmcllc
it looks like this thing is heading to 180s or so...
WillNixTrading
@pmcllc, yah doesn’t look good to me.
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