I’m a happy Netflix subscriber (again, check out Synecdoche, recently released there) but I think the stock is comically overpriced. Looking at the PSAR indicator, it recently “flipped bearish” after a very successful PSAR bull run.
![psar](https://slopeofhope.com/wp-content/uploads/2019/03/psar-1-640x443.png)
Backing up to look at more time, you can see how prices are being turned away from that horizontal. Keep in mind, this sucker still has a P/E of over 133. A bargain, it is not.
![slopechart NFLX](https://slopeofhope.com/wp-content/uploads/2019/03/slopechart_NFLX-1-640x340.jpg)
The very long-term chart shows how the price has been contained within a huge ascending channel, and it is definitely closer to the top of that channel than the bottom.
![slopechart NFLX](https://slopeofhope.com/wp-content/uploads/2019/03/slopechart_NFLX-640x340.jpg)