Read an article on Netflix today and pulled up the chart to see what I was workin with; MAN AM I GLAD I DID! I'll probably grab a larger sized position here tomorrow morning and set my stop loss @ $165. There was pretty obvious resistance established pre-earnings @165. There was a huge earnings beat followed by a price pop and pullback. The pullback was long and healthy and retraced right to the $165 level so I'd expect a pop here, another small pullback, then a gradual run to all-time-highs.
stop loss at 150 a little tight but i completely agree with the analysis. great work
gingerheadtrader
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NFLX appears to have closed the gap from Aug 7th and could be doing a fib retracement down before the next leg up. Overall very healthy upward movement.
gingerheadtrader
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Pretty big move today, lookin ready to go. I just grabbed some more. Stop loss at $165