NFLX, daily
NFLX, monthly, 8yr
Summary
Suffice to add... I think the company is producing some of the finest shows ever made - not least Sense8, Daredevil and Jessica Jones.
However, the company is increasingly struggling to meet ever demanding market expectations. Despite a better than expected EPS of 6 cents on rev' of almost $2bn.... the market is still not satisfied.
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Reading around today, I see an awful lot of 'crash calling' for NFLX, which of course, is somewhat ironic AFTER the market has smacked the stock back under the psy' level of $100.
If.. (and its a big if), the main market fails to keep pushing higher into the summer - and eventually breaks <sp'1810, then NFLX looks especially vulnerable. A move to at least test the Feb' low around $80 looks very viable.
The giant monthly cycle offers the $60/50 zone across the rest of this year.
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*no position... I shall merely continue to enjoy the content.
