NFLX headed down - how much?

Recent few weeks have been disastrous for NFLX. With the peak of around $300 , the stock is down almost 50% in 2- 3 months. Competition and recent pricing of its DVD rental are two main reasons in additions to the recent pull back in the market.

I had previously written about NFLX when it was heading towards in my NFLX technical analysis blog I had written that the stock was in overbought range but never saw such a downturn.

Here is a chart from MarketClub with the fibonacci analysis of the stock since its major bull run since January 2010. Question is how low can this stock go?


Fibonacci suggests around $140 range. What do you think?

Disclosure: I am long NFLX.

Netflix: Poised to rise higher? Technical analysis

Over the last few days, months and probably years Netflix stock has been touching new grounds and has been on an uptrend. When the stock broke the $200 barrier there were talks of it being overbought. Let us look at some quick technical facts for NFLX.

As you can see from the chart below the stock trades in a pattern from being oversold to overbought. MACD looks to be well in the high range and has been higher. I am beginning to think that the stock is in overbought range and we will see a pullback to the late 200s.

Courtesy: stockcharts.com

Moreover the stock trades or tries to touch is 200 day MA and seems to rise above it or go marginally below and then rebound.
Recently NFLX has been sharing some news about latin America expansion followed by change in pricing.

Is NFLX done with its run?

Disclosure: I am long NFLX