Short-mid term bearish case for Netflix
We have a number of indicators that show a
bearish case for
NFLX in the short-mid term.
1) Trading at top of the range.
2) RSI very over extended representing overbought
territory.
3) Markets are at all time highs. Any negative or
geopolitical concerns could spiral a large selloff.
4) Its extremely expensive right now with a P/E of 334.
5) Bearish MACD crossover.
bearish case for
NFLX in the short-mid term.1) Trading at top of the range.
2) RSI very over extended representing overbought
territory.
3) Markets are at all time highs. Any negative or
geopolitical concerns could spiral a large selloff.
4) Its extremely expensive right now with a P/E of 334.
5) Bearish MACD crossover.
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