Netflix (nflx) Chart Breakout

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

  1. gowiththeflow

    gowiththeflow Senior Investor

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    Seems to have settled down a little. Even though comparisons with between Q2 and Q1 were always going to be difficult, as Q1 was very strong, I cant see how the company can turns things around in a flash. Q3 will be interesting but if I was a gambling man I would say more downside potential than upside at this stage.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    NETFLIX and high flying ROKU have been hit on the back of the new Apple TV susbscription service which has been priced to ruin the competition. Leave NETFLIX for now as was already having problems but ROKU is interesting on further weakness.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Maybe this is the bottom of the current downtrend? The Apple news would appear to have ben known by insiders before hand and that together with a general downturn in business led to the dramatic fall of late.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Was Netflix really on the verge of being taken over by Apple a few years ago? Looks like that might have been a very very costly mistake by Apple :)
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    So Netflix has also been smashed on the back of the free set-top box issue. Will they simply increase the cost of subscriptions?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Just when Netflix seems to be getting back on an even keel, bang, something else crops up. The sector is certainly not dead and buried but it is struggling at the moment.
     
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