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.
For more up-to-date trade setups and market updates try our trading service.
Link to this post!
I don’t wonder. They’ve had no new content in a long time, and they’ve lost a lot–more than they’ve added. And the content that they do carry is so limited–no classics, no older films, no documentaries, just trash that can’t be placed anywhere else. I’m considering cancelling. So I don’t look for their stock to rise any time soon. Or ever. They’ve failed.
If you can’t remember the names of Netflix competitors
then they are not.
Hi KOJohnson. Thanks very much for your thoughtful comment on this post. You are absolutely right – I think there is a lot more that Netflix can do to improve the quality of their content, and that is why their competition could ultimately beat them. many thanks again for leaving a comment. Alessio