Netflix has been chopping for more than a year now and consolidating really hard, but with a clear emphasis on the upside. It's still showing signs of strength and could move much higher pretty soon given that it's been in this range for 14 months. Don't know much about the financials of Netflix but I do know it's growing and is one of those companies that has a huge brand and is like many other companies more of a network than a company.
The path I've drawn isn't the path I think it will follow, but the path that it might follow if it wants to create more pain for all those that are long right now.
The path I've drawn isn't the path I think it will follow, but the path that it might follow if it wants to create more pain for all those that are long right now.
