
NASDAQ:NFLX
Recently a number of US brokers have indicated that this has gone down too far and have started to add some value to it. Chart indicates early signs of bottoming but he would like to see a lot more. Hasn’t been around long enough for a seasonal study. If market conditions are weak between now and October, you may be able to Buy at lower than current prices. He prefers stocks that have well-defined values.
Has had a phenomenal move over the last little while and hit an important reversal today. From a technical standpoint, it is clearly in an upward trend, well above its 20 day moving average and is outperforming the US market. Strategy is to wait until you have a little bit of weakness.