Netflix was down almost 15% after earnings. I quickly pulled up a chart to investigate. As you can see the stock was maybe "running ahead of itself." It went into earnings up 60% year-to-date. Most stocks don't return that in even a 5-year timeframe.
Regardless, as you can see, the price is about to near a crucial point that marks a lot of volume and trading (the shaded box). My guess is someone sold a lot in those levels and whoever bought might end up with the bag.
Let's find out though when the market opens shortly.
Regardless, as you can see, the price is about to near a crucial point that marks a lot of volume and trading (the shaded box). My guess is someone sold a lot in those levels and whoever bought might end up with the bag.
Let's find out though when the market opens shortly.
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Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.