cedarfox

NETFLIX short, along with Nasdaq

NASDAQ:NFLX   Netflix, Inc.
The Stock market is reaching major headwinds and a downtrend is expected in the overall market. Netflix has experienced epic gains in the past few years and due to that, it is due for a retrace, like many other tech stocks. It has long term growth potential, but after the exponential growth in the stock price, we may see a retrace back to the $127-133 areas. This chart shows the fib lines with a possible path it may go. What are your thoughts?
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