random.trader

$NFLX mega head and shouders

Long
NASDAQ:NFLX   Netflix, Inc.
$NFLX had been annoying last 6 weeks but building up significant energy. That 50 DMA creeping up could put a bid into it. Overall if we clear 365-370 we will confirm a mega IHS with a 130 pts target (or about $500)

It may pull back on the AAPL streaming news but I believe this pullback will be heavily bought.

lots of folks are hunting for the 50DMA after missing the 1 month 30% rally on a top Nasdaq ticker as well as the green trendline pivot (just below it). It is possible we retest lower blue TL but unlikely IMHO.

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.