Last earnings period, Netflix took a huge turn upwards just 21 days out with everyone wanting to get in on the action. We're now just 19 days away from the next earnings report and things are looking good for a turnaround. The RSI is right in the middle and the MACD looks ready to turn over. Plus, the Apple effect should be dying down a bit, meaning everyone will once again start to remember how good Neflix is for making money.
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Obviously the $DIS news today had a dramatic effect on my idea but, with only 4 days till ER, I'm still bullish and holding.
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And there we go! Odd that it didn’t pop though till the day of earnings. I guess I was a little early in the call.
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Well, it took awhile but we're clearly seeing the nice pop now.