NFLX - bullish stranger things

With the announcement that subscription rates would be raised for most US customers, Netflix (NFLX) jumped in early morning, breaking a new historic high, settling +5.4% at $194.39. The increase in prices is a bold, but necessary move for mid term sustainability, as high quality content doesn't come cheap.


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Summary

Suffice to add, price structure of a double top from 191/89 has been decisively broken above.
The door is now open to the psy' level of $200, and mainstream chatter will no doubt start murmuring the $300s... even the $500s within 2-3 years.

The price changes

Netflix has come an awfully long way from literally mailing DVDs in the mail. Now its one of the finest content producers in the world. The typical Netflix consumer is surely going to tolerate being billed one extra dollar per month.




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I am bullish 'Stranger things', 'The Punisher', and a fair few other Netflix shows.