Netflix, Inc.Short
NFLX, BE CAREFUL HERE GUYS
Netflix has been on a great run for a while now. It’s getting very close to a major correction that will come over the coming weeks and months ahead. Just based off a few things here in this simple 2 week chart we have a major trend line where price gets rejected every time we hit it. All major time frames are over heated. Volume has been falling for quite some time now as prices have been on a steady climb. It’s basically telling us that mostly retail and smaller players have been pushing these prices up lately.
Nothing goes up forever guys. Be extremely cautious at these levels. The probabilities of a 25% plus correction from here are high.
Be rational and play it safe. God bless
Nothing goes up forever guys. Be extremely cautious at these levels. The probabilities of a 25% plus correction from here are high.
Be rational and play it safe. God bless
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