NETFLIX Earnings and Potential Trade Oportunities

18 апр. 2022 г.

Shares in Netflix, which is due to release first-quarter earnings on Tuesday, have dropped 43 % so far this year as global subscriber numbers have disappointed.
According to the FT.com:
"British households have canceled video subscriptions in record numbers as they curb non-essential spending to cope with the cost of living squeeze, reinforcing concerns that a pandemic-fuelled boom in streaming is over.

Consumers walked away from about 1.5mn video-on-demand accounts such as Disney Plus, Apple TV Plus, and Now during the first three months of the year, according to figures from analytics group Kantar.

Consumers are re-evaluating subscriptions in response to higher charges. Several providers have raised prices in markets including the UK, in part to compensate for rising costs of labor and facilities that have made TV and film production more expensive."

Technically:
Daily Cycle Sniper pointing bearish continuation.
H4 Cycle Sniper entering over-sold zone

Closing below 328 USD would take the shares down to 311 - 290 USD.
We will look for a buying opportunity by Cycle Sniper H4 / H1

Better than expected financials will cause a stronger and faster recovery.