Netflix, Inc.Short
NETFLIX
Experimental Gann set up (trying to predict dynamic resistance levels) with key trend lines . I expect total distortion of bullish momentum followed by crazy bearish waves in 2019. I see the price action cutting down our final remaining trend line which acted as a support and resulted in strong bounce December last year. Fundamentally speaking - NETFLIX remains wildly expensive and all the big media players are entering their space this year. They keep raising prices and losing the content - so would definitely avoid buying it any time soon.
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