MannyLo

NETFLIX - $NFLX The Say At Home Winner

Long
MannyLo Updated   
NASDAQ:NFLX   Netflix, Inc.
One of my biggest regrets is not buying Netflix years ago. At the time, I was always waiting for Apple and Disney to launch their own streaming service and leave Netflix in the dust. The biggest problem Netflix had was Content. It had none. As networks and companies began to stream their shows and movies, Netflix would soon lose content to stream. Fast forward to now and Netflix is absolutely crushing it with original shows and movies. They solved their biggest problem. Disney has now finally released Disney+ (which is great) and growing in subscriptions but wasn't quick enough to eliminate Netflix out of the picture.

Netflix Inc. is expected to report earnings on 04/21/2020 after market close. Would expect it to continue to rise until then. Depending on the report we could see some investors taking profits around this date.

Current fib targets we are looking at $421, $430, $486.3
We're not in position at the moment as we're looking for a better entry point. This could change with changes in the market.

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Comment:
Targets:
$421 - HIT
$430 - HIT
$486.3 -
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