After an amazing run from 195 to 420, Netflix was definitely over extended.
This stock is definitely in a downtrend (lower-lows, and lower-highs).
It will most likely continue towards the 200-day moving average and bounce around 300.
Protect your capital: Use a stop limit or puts.
This stock is definitely in a downtrend (lower-lows, and lower-highs).
It will most likely continue towards the 200-day moving average and bounce around 300.
Protect your capital: Use a stop limit or puts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.