Netflix, Inc.Short
Short term bearish case for Netflix $NFLX
We have a number of indicators here that show a possible bearish for the short - mid term case for NFLX.
1) Trading at top of the range.
2) RSI very over extended representing overbought territory.
3) Markets are at all time highs
4) Its extremely expensive right now with a P/E of 338.
5) MACD starting to curl down on the weekly chart.
1) Trading at top of the range.
2) RSI very over extended representing overbought territory.
3) Markets are at all time highs
4) Its extremely expensive right now with a P/E of 338.
5) MACD starting to curl down on the weekly chart.
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.