I have been keeping my eye on this one for a while and it is clearly in a sideways channel. The pandemic was a boom for the stay-at-home economy - this was the growth catalyst a streaming provider was waiting for (stay at home and binge). IMHO Netflix has profited as much as it could from the situation and with the vaccine I think the stock will sink from here.
No long positions and a potential short (with a 10% downward price target)
No long positions and a potential short (with a 10% downward price target)
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My thesis is in doubt based on their latest numbers. I am cancelling this trade and will monitor this moving forward.