Netflix, Inc.Short
Netflix Getting Battered / H&S Top
I sold my Netflix Positions last week based on the continued ramp up of shocking days (indicated on the chart) combined with negative divergences on the support indicators. Add to this the Head & Shoulders top forming on the medium term weekly chart and we see a picture of short to medium term violent decline. It is interesting how when you sell your stocks it relieves you of the wish to see it go higher, you actually wish for it to go lower so you can buy back in at a bargain basement price. With a PE ratio of 100+ last time I checked we will have a while to wait for a bargain. It is a great company, but not a great HOLD right now.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
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.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
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.