Loading ...Sir CM, follow up on NFLX chart possibly filling the gap at ~ 500 or so
Just musing, no real TA by me
https://twitter.com/GarethSoloway/status/1618036747287539713/photo/1
I visited Gareth’s Twitter page after a long time.
So, which one will win: gaps getting filled or 5-6 year long trendlines?
Now that NFLX earnings is done on 1/19/2023, it would require a huge surge in Nasdaq for NFLX to fill that gap.
Just some more musing … on my post earlier in the day … https://goldtadise.com/?p=568006
So, Sir FGC, a very rare win-win situation for me.
If inflation slows down, I get lower Costco bills.
Then I could use the savings to buy more DBA on the cheap.
Inflation, is a beast, that once out in the open takes years, if not decades.
And I’m talking about food inflation.
Grew up in India.
The government owned public sector banks used to give 11.5% rates on 5-year term CDs (popularly called FDs or fixed deposits in India).
Being a kid at that time I thought it was wonderful to have savings double in “value” every 5 years.
But then I didn’t know it was “nominal value”.
The banks never lose. The inflation-facing-public never wins.
GL
Chart says 500 and it keeps going up. Just because this guy draws a trendline means nothing. I don’t follow him so I don’t know what he has been saying re NFLX up to this point? He probably wasn’t bullish so why would I care what he is saying now? NFLX is a member of NASDAQ but it can easily reach 500 regardless of what the rest of that index does although it too has been performing well so far this year. They could both be down by the end of the year(not a prediction) but NFLX can still fill the gap before that happens.