Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.
Could be. I've thought it to long be way overpriced. But it has kept on going up and up and up...
Are we looking at a double top on the graph in the short term? In the medium to long term there is still significant potential for growth but the recent spike in the share price will surely attract an element of profit-taking?
This company must be one of the best performers this year - the service has been perfected and must be so easy to roll out. As they keep reinvesting and making more quality content I can see Netflix becoming a giant!
If it aint broke why fix it - keep rolling out the service, competitively priced against all the major competition, and re-invest into new content. Perfect business model!
Traders now banking their profits on Netflix as the NASDAQ shows weakness and other techy shares such as FB also sucumb to selling pressure. If the trade wars continue we may see the likes of Netfix oversold as traders sell up - leaving brave investors to grab some shares "on the cheap". Are you brave enough?
I would look for a sell off in the tech sector and buy NFLX on the dips - looks like there is still some way to go with this one.
Might the shares move back to the $350 support level if techs take a wobble? Surely they would be a screaming buy at that price?
I think Netflix will settle towards the lower end of the $390 and $350 range in the short term ready for the next upwards leg. The company is well established now, creating its own content and still offers a significant price incentive over competitors such as Sky.
The share price is hugging the trendline at the moment and a dip under may prompt some profit-taking. If there was a substantial sell-off, blowing some of the froth off the share price, this one would be an interesting one to buy and tuck away.
I think one of the keys to the success of Netflix is the company’s marketing strategy which ensures that its services continually attract the younger generation. This means that many of them grow up with Netflix as their go to content service. What additional add-ons can the company come up with in the longer term?
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