Stock Analysis: Netflix

5 giu 2022

Netflix is in a powerful downtrend in the Daily Chart, already under the 200ma. That makes us interest in seeking short positions in the stock, however, there are technical indications that a deeper PB can happen in the coming weeks (MACD divergence), so we advise waiting price make higher highs to sell short with a better entry price.

5 giu 2022

Nota

We advise against trying to long NFLX to capture a size of the PB. It's projected in the range of 50% (which is a lot), but counter-trend against a powerful downtrend like this one is not a wise move. There's a strong likelihood of price just start ranging and then drop hard.