Netflix Is Headed Here Before Major Buy Is Triggered

 | Nov 27, 2018 03:37PM ET

Shares of Netflix (NASDAQ:NFLX) inched higher Tuesday as the markets float ahead of the G20. However any upside in the next few days should be viewed with skepticism. The stock chart signals Netflix will head to $228.50 before putting in a long-term bottom. That is almost another 20% downside before a screaming buy is triggered.