Contrary to what people try to say, Netflix as a business, is doing adequate enough for their stock to continue to rise. Their subscription base remains in-tact and I have put a 400 price tag on the stock by year-end. Based on how much liquidity there is out there, I cannot rule-out a 450 price tag, however I am not forecasting it for 2020.
Technically speaking, this stock is somewhat volatile, but overall bullish. A failed double bottom was formed initially, and instead, created a higher low. The end result here is a classic triangular wedge prior to a break-out which should be sometime in late January to early February.
Big US tech like Apple, Facebook, Amazon, Netflix, etc, etc, will have a great year (again). In-fact, if Trump wins in 2020, US tech (specifically the big names), could have as good of a year as 2019, as long as US-China trade remains neutralized or positive.
Amazon and Facebook will both have fantastic years.
US-Iran remains short-term noise that may push the markets flat or down for January and perhaps February, however, I am expecting sharper gains come Q2 and Q3 before some more volatility in Q4 near the election. Again though, if Trump wins in 2020 there will be yet another Santa rally in Q4.
- zSplit
Technically speaking, this stock is somewhat volatile, but overall bullish. A failed double bottom was formed initially, and instead, created a higher low. The end result here is a classic triangular wedge prior to a break-out which should be sometime in late January to early February.
Big US tech like Apple, Facebook, Amazon, Netflix, etc, etc, will have a great year (again). In-fact, if Trump wins in 2020, US tech (specifically the big names), could have as good of a year as 2019, as long as US-China trade remains neutralized or positive.
Amazon and Facebook will both have fantastic years.
US-Iran remains short-term noise that may push the markets flat or down for January and perhaps February, however, I am expecting sharper gains come Q2 and Q3 before some more volatility in Q4 near the election. Again though, if Trump wins in 2020 there will be yet another Santa rally in Q4.
- zSplit
