NFLX (Netflix) is down nearly 38% after earnings! This stock is toast for awhile! After the company reported earnings, what investors and headlines cared about was the subscriber growth and count. It was the first time where the company has lost subscribers in their business.
This is not good news for the stock. In this video, we will analyze the stock chart including some possible support and resistance levels and some longer term trends.
Depending on your duration or investment horizon, you might be a buyer of this dip, but the stock is definitely acting weak and will probably continue to be weak over the next few weeks or longer. From a short-term perspective the trend is downward.
