Netflix, Inc.

$NFLX Analysis - What will happen after Disney+?

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Netflix correspondingly fell on Friday, losing as much as $8b in market capitalisation in several minutes of trading, upon Disney’s announcement of its rival streaming service. Ominously for Netflix, Disney is just one of an increasing number of deep-pocked players moving into the video streaming market, all willing to burn cash for years as they grab market share.
NFLX has broken below a well defined ascending trend line and down out of a bearish ascending wedge. It has also broken below support in the form of the 50-day SMA, which it has traded above since early 2019.

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