Netflix (NFLX) has been in a downward trend since December 2015. Strong competition from other online providers (such as Amazon) and a weak stock market has taken its toll on NFLX.
But there could be a turning point for Netflix soon…
As you’ll see from the above video, we could see a potential bottom at the $70 to $75 support level (if we should get there). If we can bounce from that level and hold it, a buying opportunity could present itself.
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