I believe there is a very ugly H&S pattern on NFLX showing up on the 4 hour chart. If price drops below $318, the pattern could send the price below $200... Keep an eye on this one.
Comment:
That's why you wait for patterns to complete... The quarterly earnings report gave it a big bump today. NFLX is spending a ton of cash though and is not completely safe yet in my mind. I will continue to watch.