Netflix. Moving Into Bear Territory.
Netflix share price continue to weaken. With a P/E above 100 while other content providers are trading at 15 P/E ratios worries some big names right now. In addition a poor quarterly is expected which can add an extra bearish pressure on the stock. If the share price does not surpass the $300 resistance, a big sell off towards 248 and 235 may be witness.
Good luck fellow traders
Good luck fellow traders
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