Netflix - still seeking clarity
Well Wall St decided the recent results were OK, which in the current environment says quite a lot. Personally I really can't see how it stays above water given the fundamentals (high debt and huge competition). From a user point of view it's not intuitive (imo). Technically a continuation of the current positive move north would suggest an option to buy. If it can't clear the cloud, then it may be range bound for some time waiting for assistance from other areas (DYOR)
Note
So NFLX did indeed fail to break through (at least this week) and ended down a tad at 339. Going to need to see WK4 close above 358 for positive momentum to continue imo, although I would not be surprised to see a drop back down toward 300. We shall see
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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.