NETFLIX stock: acceleration period

NETFLIX stock: acceleration period

Strategically, the last decade may be divided into four alternating periods of this stock’s performance. Periods 1 (2013-2015) and 3 (2018-2019) follow a milder upward inclination, while periods 2 (2016-2017) and 4 (2019 - 2020) are more vertically aggressive. So the question for Netflix is: how long will the company be able to generate enough revenue to fuel the current accelerated growth?

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From the mid-term perspective, currently, the price is slightly above the upper border of the channel marked as Period 4 in the above chart. There is a fundamental reason for that – the virus increased the demand for Netflix’s services. However, sooner or later, a retrace will be there. In line with this assumption, $470 appears to be a more stabilized baseline level for this stock to come to as it is now overheated. After that, however, it will go up again.

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Keep in mind: on Thursday, July 16, at 2300 MT time Netflix is announcing the Q2 financial performance - that will have it's impact on the mid-term performance. Watch out!

Your plan to trade Netflix:

  1. You download the Metatrader 5 .
  2. You open the MT5 account in your personal area.
  3. After that, open all trading instruments by clicking “show all” at the “Market Watch” window.
  4. Start trading!

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NFP Number Will Drive Markets

US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.

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