Netflix, Inc.
Short

Nflx.. It's almost time

2 942
Ascending broadening wedge pattern showing here..

Monthly RSI is over 80 which means NFLX stands a higher chance of tagging 700 before 1300..

Daily RSI and Money Flow is absurd

Weekly candle is outside Bollingerband


It's just red flag after red flag for this stock

I don't think this clears 1150 and I think the next stop is 900 before a dead cat bounce


Monthly chart
snapshot
Bulls see a break out above yellow trendline but I see a fake out..

Price is extended way above monthly bbands and like I said before, the monthly RSI is approaching 90, that is not a combination for a sustainable breakout...

I think a 50% discount is coming for this stock in the next year

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