Netflix (nflx) Chart Breakout

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

  1. gowiththeflow

    gowiththeflow Senior Investor

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    The shares seem to have found some kind of level but they will need some good news to get motoring again.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    I’m not convinced the way back will be that straightforward for Netflix. The company has disappointed on more than one occasion and investor confidence is wearing very thin. It will take something spectacular to get this share back on track.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    Missed this recovery in the share price over the last few weeks - also see that Roku has had a bounce.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Will we see the traditional first qtr surge in subs in 2020? Vital times and likely to set the tone for the rest of 2020!
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    The New Year rise on new subscription numbers?
     
  6. Chartman

    Chartman Senior Investor

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    Looks like we are heading for a breakout on the upside - $400 here we come?
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    The share price could bounce around between the support and resistance levels - however, if the new year subscription numbers are decent then we could see a spike into higher ground ;)
     
  8. Chartman

    Chartman Senior Investor

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    Are we looking at the emergence of a head and shoulder formation or rising lows?
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    Treading water for another move higher - so long as the market holds up, I think that is the key.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Like so many stocks at the moment, it looks as though Netflix is waiting to see what the general market will do first.
     
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