#NFLX: Long term trend resuming? Daily and weekly are bullish

The way I see things we are about to have a face melting beta rally, with growth outperforming value again for the rest of the year and into Q1-Q2 2022 at least.
might be a good position to have, quite unloved for a long time, lagging the mega cap rally, and coming out of a nice base, weekly uptrend formed after the 9 week down trend signal expired last week.

I like the Spielberg partnership news, and the way things are going with the new delta variant and rising cases I suspect people will do a whole lot more of sitting and streaming at home for much longer.
One thing was lacking was new content, now they are once again able to film new stuff, and might actually generate some growth again.

Best of luck,
Cheers.

Ivan Labrie.

Note

Didn't get a chance to get in, stock zoomed higher right away. I'll keep an eye on it.

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Strong overall, just need a retrace next week to join it.

Trade active

0 chance to join on retrace, and it looks like surging straight up from here.

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Trade closed manually

I don't like the choppy action, I think will underperform going forward. Streaming competition is fierce, I don't like the action here from a technical perspective.

IvanLabrie

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by IvanLabrie

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IvanLabrie

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