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Netflix

$NFLX Analysis - What will happen after Disney+? Netflix correspondingly fell on Friday, losing as much as $8b in market capitalisation in several minutes of trading, upon Disney’s announcement of its rival streaming service. Ominously for Netflix, Disney is just one of an increasing number of deep-pocked players moving into the video streaming market, all willing to burn cash for years as they grab market share. NFLX has broken below a well defined ascending trend line and down out of a bearish ascending wedge. It has also broken below support in the form of the 50-day SMA, which it has traded above since early 2019.
NASDAQ:NFLX
by SigmaByHydraX
NFLX NASDAQ: Correction or continuation of large growth?NASDAQ:NFLX My chart shows me that NFLX should be corrected soon. In case of successful penetration of MA, which acts as a support, we will move in a downward movement. At the moment, my idea is supported by my NYA Sequential indicator, which is based on the Thomas DeMark Sequential indicator. In addition to my own indicator, my thought confirms Stoch RSI. The idea is quite risky, since a small increase can continue and it will be followed by a fall, the main thing here is to set the stop loss correctly. I remind you that I do not give financial recommendations, everything that I publish is my opinion and my thoughts. Wish you luck!
NASDAQ:NFLXShort
by mazoto