Tuesday, 1 September 2015

NFLX - whacked lower with the main market

With US equities significantly lower, Netflix (NFLX) saw particularly severe falls, settling -8.0% @ $105.85 (intra low 103.82). Near term outlook will be entirely dependent on the direction within the broader market.

NFLX, daily


*it is highly notable that at last Monday's opening, NFLX saw a flash crash print to the $85 gap zone.

Suffice to add... NFLX is trading with the broader market, but generally moves at a more dynamic 2-4x ratio.

Best guess.. renewed upside to the 120s.