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$NFLX Bear Flag Signals Coming Correction

Shares of Netflix, Inc. (NASDAQ:NFLX) continue to struggle even as the NASDAQ trades at all-time highs. This is a sign of exhaustion and coming correction as the chart has a formation known as a bear flag. As competition builds, Netflix, Inc. will have more trouble adding customers. Valuation continues to be stretched in this range for a media company. The stock chart says downside is coming. The expected downside in the next week is to $133.00. See the chart below.

Stock chart bear flag signals strong sell on Netflix, Inc.