Jun. 21 at 5:54 PM
$NFLX
I'm starting to see more people give up on
$NFLX, and honestly, that's usually when I pay the most attention.
A stock doesn't have to make new highs every year. Sometimes the best opportunities come after long periods of disappointment. We've seen similar sentiment before with
$MSFT and
$META, when almost nobody wanted to own them.
Does that mean Netflix follows the same path? Not necessarily. The chart still has work to do.
I'm watching the
$75 area first, then around
$70 if selling continues. No rush to catch the exact bottom. I'd rather miss the first few percent than fight a downtrend.
Are you going to miss another opportunity?
People often ask why I don't charge for these market insights. I simply enjoy sharing what I'm seeing, and I don't need to monetize it.
Don't chase extended moves. Wait for the risk/reward to reset. Patience usually pays better than emotions.
The next alert is coming.
If notifications aren't on, you'll probably see it after the move.
Anyone else quietly building a watchlist around
$NFLX?
