Netflix Can Show a Good Show

3 дня назадHello friends, today i am sharing one trading idea with you all in which i want to share my long view on Netflix with you all so as you all can see that the price is consolidating near a very old resistance and a few weeks back also it has tried to break it, so this time my expectation is that this resistance will be broken and the reasons behind this which i can see are as follows such as repeated attempts to break the resistance, bullish RSI on monthly, daily and weekly charts, good volumes and good sentiments of overall markets. So after the breakout i am looking at the rising trendline resistance as my target for this trade which will be around 950 and for this I would definitely like to see a weekly close above the resistance. You all can follow this idea on your desired timeframe mates.


Some fundamental and suscriptions related data-:
Looking at the last year, Netflix shows a quite strong growth in Revenue. The Revenue has grown by 13.00% in the last year. Measured over the past years, Netflix shows a quite strong growth in Revenue and the Revenue has been growing by 16.38% on average per year.

Netflix has seen many improvements in the last year, including:
Subscriber growth
Netflix added 17 million subscribers in the first half of 2024, bringing its total to about 278 million global subscribers.

Profitability
Netflix's profit margin and operating margin have improved in recent years, and are among the best in the industry.

New subscription tiers
Netflix added lower-priced, advertising-supported subscription packages, which diversified revenue streams and attracted new users.

Crackdown on unpaid account sharing
Netflix cracked down on unpaid account sharing, which helped drive subscriber growth.

Personalized content
Netflix uses its knowledge of what its users like to watch to create customized recommendations.

Simplified navigation
Netflix is testing a new navigation menu that moves from the left side of the screen to the top, and includes a "My Netflix" tab with content curated for the user.

That's all friends hope you like my work and will bosst this publication too, Thanks for reading.