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.