Thursday, 25 June 2015

NFLX - continues to unravel

Whilst the broader market closed moderately lower, there was significant weakness in Netflix (NFLX), which settled lower by -2.1% @ $664.43 (intra low $654.21), a considerable amount below the Wed' high of $706. Near/mid term outlook is for continued weakness. Primary target is $600, with secondary of 525/500 by Sept/Oct.

NFLX, daily


Little to add.

More than anything, NFLX is one stock to watch.. for pure entertainment reasons.

*I am long term bullish on NFLX, and would even consider going long in the $75/70 (split adjusted) zone this coming Sept/Oct.