After a huge gap, investors such as Bill Ackman even the CEO of Netflix are buying the dip in this strong support line in all extreme oversold levels. We expect the price to recover if there are no bigger corrections on the main indices. Netflix is experiencing less growth due to higher competition but the company still has good numbers. It's a buy and hold.
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.