Short term bearish case for Netflix $NFLX
We have a number of indicators here that show a possible bearish for the short - mid term case for NFLX.
1) Trading at top of the range.
2) RSI very over extended representing overbought territory.
3) Markets are at all time highs
4) Its extremely expensive right now with a P/E of 338.
5) MACD starting to curl down on the weekly chart.
1) Trading at top of the range.
2) RSI very over extended representing overbought territory.
3) Markets are at all time highs
4) Its extremely expensive right now with a P/E of 338.
5) MACD starting to curl down on the weekly chart.
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