Netflix (nflx) Chart Breakout

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

  1. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    358
    Likes Received:
    6
    Looks like the shares are on the way up again - what a performer they have been this year. Seemed like a no brainer and has turned out to be a no brainer. Low running costs, worldwide exposure, creating own content and customer numbers on the up - how far can Netflix go?
     
  2. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    520
    Likes Received:
    8
    Dame missed that! The sell off to $350 was time to buy......dont think we will see that again unless the market goes into a tailspin.
     
  3. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    358
    Likes Received:
    6
    Looks like Netflix shares are getting back down towards potential buying levels? For me the main game changer is the company’s ability to invest cash flow into new quality content which services the needs of the company’s audience. At some point surely Netflix will introduce an array of new peripheral services as there must be some excellent sell on opportunities to the company’s growing customer base?
     
  4. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    358
    Likes Received:
    6
    I am very surprised that Netflix has not risen after news of a partnership deal with Sky TV. Does anyone know if this is a worldwide deal or just in the UK?
     
  5. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,158
    Likes Received:
    20
    I thought that Netflix was now too big to be taken over but perhaps some form of merger could be on the cards? This tie-up with Sky TV is very interesting.
     
  6. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    133
    Likes Received:
    1
    A lot of the moving averages are coming together to create a volatile period in the short term. A breakout on the downside will see short term weakness while a breakout on the upside will see a renewed push towards previous highs. I would prefer to buy on short term weakness but not sure we will see this :)
     
  7. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    520
    Likes Received:
    8
    I think that Netflix should be the one on the acquisitoin trail as it is a huge company now. It has a very impressive platform which can be rolled out across the world at minimal cost. The company is also making its own content which could prove to be a masterstroke in the long run. Long term BUY :)
     
  8. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    358
    Likes Received:
    6
    I wonder what kind of challenge the company will face from Sky TV under new ownership? Could it cause some short term concerns and create a long term buying opportunity? The main benefit for Netflix is the fact it uses the internet to transmit content which means it can reach any part of the world as soon as it hits the on switch. One to watch - I would not rush in yet even though the shares are consolidating above the main support levels.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    520
    Likes Received:
    8
    There still might be some more downside after reports that competition might reduce growth in the short to medium term but this one is on my buy list - at some point!
     
  10. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,158
    Likes Received:
    20
    There is certainly a support line just above the $300 level but if the shares fell below that then they could conceivably fall back to around the $250 level. Will we see that? I don’t think so. Any where around about the $300 level would offer good long-term value in my book. The concept and the industry may have relatively low barriers to entry but it is not just the delivery system but also the hundreds of millions of dollars going into the company's own content division.
     
Tags:

Share This Page