$Netflix(NFLX)$is coming out with some big news about their ads supported business and partnering with $Microsoft(MSFT)$. Netflix will be the Microsoft partner for new consumer subscription plan. Advertisers will be paying to advertise their contents in the beginning, middle and ad the end of the content that are played in Netflix, which I see as a double win if this is excited well. And obviously it is going to be a big win for the revenue, the earning for the company over the long term.
Netflix will be reporting numbers for Q2 and they also guided for a decline in overall number of users and subscribers.
At current price, I feel that Netflix still remains uninvestable. Now Netflix stock price is consolidating sideways in the range between 205 resistance and 160 support base on weekly chart. I am hoping that there will be a bear flag forming for Netflix and breakdown below 160 and if ever comes down to my fair in the 145, I will be buying some shares and selling some CSP with higher premium.
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Bull or Bear ? how to forecast ?