NFLX - reviewing current trade - still working

Good news. The stop at 65 has not been hit and NFLX is once again making another rally attempt. The last rally in December was on takeover talk, but that fully retraced back to the key support level that I highlighted on the chart. As the numbers slowly get released and as investors realize how addicted subscribers are to the Netflix brand, value investors will continue to swarm around this issue and attempt to determine just how profitable they will be amidst all of the swirling competition for video streaming. NFLX has been dealing with content and keeping costs under control, but the fight is for marketshare and that means sacrificing profit margins. However, keep holding on as NFLX appears to be in strong hands and new buyers are emerging.