Netflix, Inc.Short
NFLX 565: After 2X EM Now What? 550 or 600? Mean Reversion?
NFLX exploded after good earnings (projecting cash flow 1 bill). A 3-day continuation is a pattern for most of the outsized move then it chops.
NFLX has entered the chopping stage; reversion to means targeting 550, then 535. Stronger support is at 535.
NFLX also has a history given up post-earnings gain quickly.
NFLX has entered the chopping stage; reversion to means targeting 550, then 535. Stronger support is at 535.
NFLX also has a history given up post-earnings gain quickly.
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