Guys, this is really a perfect time to buy some shares. Don't miss this chance! A big bounce might happen soon.
Unless it will crash lower. Still big bounce will occur sooner or later. Four times the NFLX bounced from the $84-85 level. Many traders believe it will bounce for the fifth time. Maybe it will. However, the NFLX also dropped to this level for the fifth time... Why NFLX continues dropping down after each bounce up? If enough bullish traders jumps in and if they are able to beat Bears who is dumping this stock then NFLX will bounce up, however, there is no guarantee it will drop back down after that. Since August 2015, we saw 4 times bulls coming to buy this stock and they were able to push it up. However, each time it was a temporary recovery. The Bulls where not strong enough to start a new bullish trend... That mean that NFLX has to drop to much lower levels to attract more serious Bulls who has enough money to push this stock into a new long-term up-trend. Also, bear in mind that NFLX dropped below $80 in February of 2016, this makes $80-84 range as a resistance range and not $84 or $85. Watch volume, when you see volume rising to the levels seen in April-May of 2014, only then we may expect that some serious Bulls are jumping into the game. Only then we may expect for some serious action up
People are not going to pay more money for a smaller catalog of movies. I doubt the original shows can save
Held the NFLX 88 calls overnight and got +233% out of them. No new trades yet today. Oil is looking to dump again and mkt still reacting