NFLX - NetFlix is overhyped an TA says tooBesides what I think about NFLX (bad for you, poor quality & service, lairs etc.), there is something that can be used to rate and judge a Stocks pricing - The Technical Analysis.
The white Fork projects the most probable path of price. The U-MLH is the upper stretch, the L-MLH the lower and the CL is the Center, where price is in equilibrium.
Where is price now?
It mooned to the upper Warning-Line!
Such moves are insane, crazy, not healthy and produce by manipulation and/or greed that eats Brains.
However - As I follow the rules of the Medianlines (Forks), I know that price is hyper extended up there. So, it can't go further? Of course it could. But Chances are poor that it will.
Instead, Chances are high that price falls down to the U-MLH. At least.
Why?
Besides price is stretched, it failed to move up to the next Warning Line (WL2).
So, there you have it.
I'm shorting NFLX and my target is at least the U-MLH, with further downside potential with PTG2 at the Centerline.
