$NFLX
Added 2023-05-30 12:28:30 +0000 UTCIt appears Wave B is not ready to complete, the aggressive fall from October 2021 to April 2022 is typical of Wave A, this bounce since then has not shown any pull backs past the 0.38 Fib, so I and still leaning towards the entire structure being corrective.
PE of 44 and FWD PE of 26, means the company is overvalued but improving but still not worthy to buy if we want to start a position in an undervalued company. If you already have a position here, it's worth holding until signs start to show a reverse, for now, there is not signs of reversing yet.
