TradeStation

Is Netflix Streaming a Bear Flag?

Short
NASDAQ:NFLX   NETFLIX INC
Netflix has struggled for most of 2019 and now it faces the Disney+ challenge going into yearend. So far, the Magic Kingdom’s new streaming service, backed by one of the richest content libraries anywhere, has already garnered more than 10 million subscribers.

Meanwhile, the NFLX chart is showing some potential risks. It’s rebounded weakly since late September, and tried to rally after earnings . But now that gap up is looking more like an island reversal pattern – especially because NFLX couldn’t get back over $300. Is the recent move higher turning into a bearish flag?

NFLX DIS

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out