Netflix (nflx) Chart Breakout

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

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    Could be. I've thought it to long be way overpriced. But it has kept on going up and up and up...
     
  2. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    412
    Likes Received:
    1
    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?
     
  3. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    616
    Likes Received:
    8
    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!
     
  4. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,654
    Likes Received:
    20
    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!
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    974
    Likes Received:
    8
    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?
     
  6. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    412
    Likes Received:
    1
    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.
     
  7. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    974
    Likes Received:
    8
    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?
     
  8. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    616
    Likes Received:
    8
    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.
     
  9. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    412
    Likes Received:
    1
    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.
     
  10. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    974
    Likes Received:
    8
    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?
     
Tags:

Share This Page