Netflix Inc. ( NASDAQ:NFLX ) experienced a sharp decline in share value on Friday as a result of its weak revenue forecast and plans to discontinue reporting subscriber numbers by 2025. Despite an otherwise strong start to the year, Netflix's lackluster forecast led to a 7.6% decline in premarket trading in New York, marking the biggest decline since July 2023....
Yesterday's breakout above the VCP setup and the stock's close near its day highs could potentially signal a renewed up trend after a long consolidation period.
The VCP build up and breakout comes after the stock successfully traded above its 200 day MA for over 6 months.
With a stop below yesterday's low (more aggressive stop) or the most recent higher low...
Trading marginally higher today after an upgrade by Jeffries to buy from hold. The Wall Street firm, which also boosted its price target to $385 from $310, said the launch of its advertising-based offering and crackdown on password stealing will drive revenue and EBTIDA above estimates.
Technically, looking for resistance to be broken down at around $330, to open...
Netflix could be coming up on a short soon.. there may be more steam ahead all the way to near 340 even though so watch out.
Formation for wedge is still in play and support came in around 280's.
One of my biggest regrets is not buying Netflix years ago. At the time, I was always waiting for Apple and Disney to launch their own streaming service and leave Netflix in the dust. The biggest problem Netflix had was Content. It had none. As networks and companies began to stream their shows and movies, Netflix would soon lose content to stream. Fast forward to...
