NFLX trade ideas
Netflix bearish continuationEarnings report
Subscriber loss
Overdue correction
Poor management
Cancelling Tv Shows
Now Netflix new plan to generate more revenue is AD-supported low cost subscription plan.
Now read the fine print on the plan. No download support and limited views of new releases.
How is this a plan to generate more revenue and bring subscribers back.
Who at Netflix comes up with these plans.
Other streaming services prices are going up due to rising costs but they are also
adding more content to meet the demand of subscribers.
I am going to leave this post here for you out there to decide.
Overspending and trying to maintain inflation profits is how companies
start to fail.
NFLX 76 retracement 76s tend to be critical levels to trend decision.
After a steep sell-off NFLX is not into its 76 retracements.
If a low is to made, highest probably as per fib norms is it comes around here. Would typically be made already. Buy the first mini crashes with stops under the last low/86 fib.
Big make or break level. Rally if hold, bleed out if fail. RR stacks well to the bull side for the moment.