#NFLX: Long term trend resuming? Daily and weekly are bullish
The way I see things we are about to have a face melting beta rally, with growth outperforming value again for the rest of the year and into Q1-Q2 2022 at least.
$NFLX might be a good position to have, quite unloved for a long time, lagging the mega cap rally, and coming out of a nice base, weekly uptrend formed after the 9 week down trend signal expired last week.
I like the Spielberg partnership news, and the way things are going with the new delta variant and rising cases I suspect people will do a whole lot more of sitting and streaming at home for much longer.
One thing $NFLX was lacking was new content, now they are once again able to film new stuff, and might actually generate some growth again.
Best of luck,
Cheers.
Ivan Labrie.
$NFLX might be a good position to have, quite unloved for a long time, lagging the mega cap rally, and coming out of a nice base, weekly uptrend formed after the 9 week down trend signal expired last week.
I like the Spielberg partnership news, and the way things are going with the new delta variant and rising cases I suspect people will do a whole lot more of sitting and streaming at home for much longer.
One thing $NFLX was lacking was new content, now they are once again able to film new stuff, and might actually generate some growth again.
Best of luck,
Cheers.
Ivan Labrie.
Comment:
Didn't get a chance to get in, stock zoomed higher right away. I'll keep an eye on it.
Comment:
Strong overall, just need a retrace next week to join it.
Trade active:
0 chance to join on retrace, and it looks like surging straight up from here.
Comment:
Trade closed manually:
I don't like the choppy action, I think $NFLX will underperform $QQQ going forward. Streaming competition is fierce, I don't like the action here from a technical perspective.
