{"id":11914,"date":"2022-04-21T08:50:54","date_gmt":"2022-04-21T08:50:54","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11914"},"modified":"2023-05-09T08:56:44","modified_gmt":"2023-05-09T08:56:44","slug":"netflix-when-bubbles-pop-the-bottom-isnt-in-yet","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/04\/21\/netflix-when-bubbles-pop-the-bottom-isnt-in-yet\/","title":{"rendered":"NETFLIX When bubbles pop. The bottom isn’t in yet."},"content":{"rendered":"

 <\/p>\n

Netfilx (NFLX) is having a historic weekly selling pressure after the negative quarterly report, which showed a loss of 200k subscribers, putting a stop to a growth for the first time in 10 years.<\/p>\n

This chart on the 1W time-frame shows how the NFLX bubble popped in mid January 2022. The Jan 18 1W candle broke both below the parabolic growth curve (black) and the 1W MA200 (orange trend-line) in the same week. That was the confirmation of the start of a Bear Cycle. So far the stock is on an almost -70% correction from the November 2021 All Time High (ATH) but this is by no means the bottom.<\/p>\n

Since the 1W MA200 broke, which was a trend-line supporting the bubble since January 2013, we have to go to the monthly (1M) time-frame to look for the next Support. That is the 1M MA200 (red trend-line) which is currently at $137.82. If that is reached before June, that would represent a -80% correction from the top, which is typical for Bear Market bottoms. The 1W RSI is at the lowest level historically since Netflix started first trading.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NFLX\/A6I9P0yJ-NETFLIX-When-bubbles-pop-The-bottom-isn-t-in-yet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Netfilx (NFLX) is having a historic weekly selling pressure after the negative quarterly report, which showed a loss of 200k subscribers, putting a stop to a growth for the first time in 10 years. This chart on the 1W time-frame shows how the NFLX bubble popped in mid January 2022. The Jan 18 1W<\/p>\n","protected":false},"author":611,"featured_media":11915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-11914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11914"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11914\/revisions"}],"predecessor-version":[{"id":11917,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11914\/revisions\/11917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11915"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}