TheTradersRoom

NFLX Jan 26th Update, Target got hit

Long
BATS:NFLX   Netflix, Inc.
We had a great bull flag setup going into the earnings.
Now the target got hit, will be watching for a retracement into early Feb and another push higher into Feb OPEX

Nothing bearish here to even try taking a short trade. There is still one more gap to close above the price, should be hit first before reversal starts.

Also the price might just consolidate/correct in time and push above to a new high. Any shorting should have solid stops

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