dubi_m

NFLX over $500?

Long
NASDAQ:NFLX   Netflix, Inc.
1
My previous bearish thesis on NFLX got quickly negated once we crossed that descending trendline. We're still a few dollars short of March highs but sure looks interesting here. The aggressive flush and recovery hints on strong continuation once we clear previous high at 458ish. We may potentially retrace back down to 430 for gap fill but sure seems like it's going to hold.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.