$NFLX Analysis - What will happen after Disney+?
Netflix correspondingly fell on Friday, losing as much as 88B in market capitalisation in several minutes of trading, upon Disney’s announcement of its rival streaming service. Ominously for Netflix, Disney is just one of an increasing number of deep-pocked players moving into the video streaming market, all willing to burn cash for years as they grab market share.
NFLX has broken below a well defined ascending trend line and down out of a bearish ascending wedge. It has also broken below support in the form of the 50-day SMA, which it has traded above since early 2019.
NFLX has broken below a well defined ascending trend line and down out of a bearish ascending wedge. It has also broken below support in the form of the 50-day SMA, which it has traded above since early 2019.
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