Price bounced from 9-day exponential moving average which now acts as support and hit December high which may trigger if price moves above $98 on solid volume a possible move to $115 area which will complete the large falling wedge from April last year to September last year which had a measured move to $115 before April 2013. Join us www.woowtrading.net
Price failed to push above 9-day exponential moving average but also bounced from 18-day exponential moving average. Below 18-day ema is a short candidate. with target price $84 stop loss at recent swing high
The amount of parabolic pain the NFLX guys must be feeling is unimaginable. Nonetheless, stochastic is overbought and rolling over. Momentum appears to be continuing downward. I have a nice target of $60 for this week.
After a disastrous fall and winter, NFLX is slowing recovering. Seems to be trading in a channel. I'm Long the stock with a stop 113.50. Will adjust the stop if the stock continues it's ascent.
Good news. The stop at 65 has not been hit and NFLX is once again making another rally attempt. The last rally in December was on takeover talk, but that fully retraced back to the key support level that I highlighted on the chart. As the numbers slowly get released and as investors realize how addicted subscribers are to the Netflix brand, value investors will...
Note how NFLX held the support line drawn on the chart. This is constructive. Note the green boxes where I highlight the daily range and add another green box to highlight the most frequent zones where you may have filled your orders had you followed the advice to enter over 5 days. I believe it makes sense to raise the stop to 65 from 61, but given that this...
To start, read the Barron's Article:
The stock jumped last Monday on
that story and then fully retraced.
The valuation of NFLX seems
compelling down here despite
all of the chatter. A tad more
than 1X's Sales is dirt cheap to me.
Year-end tax sellers will likely
be out of the way soon, if they
aren't already out of the stock.
This is the best candidate for
a...
