climbing_stars

Another NFLX Daily Chart

Corto
BATS:NFLX   Netflix, Inc.
1
Another look at a NFLX Daily Chart. Similar to my other one, but a deeper look. This thing is up 150% this year. Most of the up moves being gap ups on earnings. It was a good momo stock, but you have to believe that it's going to give back some. I think it will retrace to the 0.618 retracement of the most recent leg up. Which would be a perfect bullish retracement. A Bullish Shark happens to complete around this area as well. We shall see how this works out.

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