NFLX, Netflix Inc. - Breakdown on Failed & Shoulders
NFLX
We do not short Netflix because we really like the fundamentals of this company, although it is not yet profitable in their financials until it reaches a certain number of subscribers that is approaching as the company goal, and that grows steadily.
The business model has destroyed many competitors (Blockbuster above all) and is an exceptional platform for films and series.
Very nice brokendown pattern on the Failed Head & Shoulders. Let's monitor it with the hope of getting us back on one of our 20 favourite companies.
https://finance.yahoo.com/quote/NFLX?p=NFLX&.tsrc=fin-srch
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