Netflix (nflx) Chart Breakout

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    I read some talk that analysts were concerned Netflix was underperforming the market. If you look at the share price, hitting a new all-time high, is there really a need to be concerned?
     
  2. Chartman

    Chartman Senior Investor

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    Competitor ROKU is flying high just now - are Netflix margins being eroded? What is happening?
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    The $380 level seems to be very important for Netflix - a breakthrough would be very bullish. It has tried and failed on a number of occassions in the past. One to watch closely.
     
  4. Chartman

    Chartman Senior Investor

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    Bounced off resistance but it will come again :)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    It does look to me as though comments regarding the recent underperformance by Netflix shares have focused the minds of investors. I think the next rally will move the shares into new higher territory.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Interesting fall in the Netflix share price - especially when ROKU is hitting new highs. The next major support level is $360 and after that it falls to $340.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Interesting fall in the Netflix share price - especially when ROKU is hitting new highs. The next major support level is $360 and after that it falls to $340.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    The subscription numbers for Q2 were horrendous. If they are no better in Q3 there might well be a huge sell off.
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    Netflix is a huge and very popular company but if they are faltering on growth plans at this early stage, that surely does not bode well?
     
  10. Chartman

    Chartman Senior Investor

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    A fall below $360 could lead to a fall to support at $340 - the fundamental problem is that growth seems to have stalled in Q2 despite the company still being in its relative infancy.
     
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