4.16.2020 Netflix showing significant Bearish divergence + ATH
Increasing competition
Overbought
Bulls running out of steam
April 21st Q1 earnings possibly already priced in
60mm USA subscribers / 130mm USA families = 46% of USA Families which means increasing difficulty in obtaining new subscribers.
Little new content due to COVID19 shutdown.
Short
-NFA
Overbought
Bulls running out of steam
April 21st Q1 earnings possibly already priced in
60mm USA subscribers / 130mm USA families = 46% of USA Families which means increasing difficulty in obtaining new subscribers.
Little new content due to COVID19 shutdown.
Short
-NFA
My opinions only not trading advice.
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