Bear move coming for NFLX, 26% drop by Feb
I'm actually long on NFLX stock but I think it'll drop over the next quarter. Overvalued compared to the other streaming services but lots of original content and a huge expected increase in subscriptions to streaming services over the long term.
This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts with NFLX all hit their targets, although they were shorter term targets.
This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts with NFLX all hit their targets, although they were shorter term targets.
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