who knows where they pin NFLX to this week but if the market holds up I'm looking for this gap to be filled
After a disastrous fall and winter, NFLX is slowing recovering. Seems to be trading in a channel. I'm Long the stock with a stop 113.50. Will adjust the stop if the stock continues it's ascent.
Good news. The stop at 65 has not been hit and NFLX is once again making another rally attempt. The last rally in December was on takeover talk, but that fully retraced back to the key support level that I highlighted on the chart. As the numbers slowly get released and as investors realize how addicted subscribers are to the Netflix brand, value investors will...
Note how NFLX held the support line drawn on the chart. This is constructive. Note the green boxes where I highlight the daily range and add another green box to highlight the most frequent zones where you may have filled your orders had you followed the advice to enter over 5 days. I believe it makes sense to raise the stop to 65 from 61, but given that this...
To start, read the Barron's Article: The stock jumped last Monday on that story and then fully retraced. The valuation of NFLX seems compelling down here despite all of the chatter. A tad more than 1X's Sales is dirt cheap to me. Year-end tax sellers will likely be out of the way soon, if they aren't already out of the stock. This is the best candidate for a...