trademan1
Long

NFLX Cup and Handle / Double Bottom / Ascending Triangle

NASDAQ:NFLX   NETFLIX INC
Netflix             has made an easily recognizable double bottom shape, in this case since the trend is not reversing but instead continuing it goes by another name, the Cup and Handle . Others might see it as an ascending triangle .
I cannot follow this idea. I see a confirmed trading range instead. Everything is possible from here though the upside is more likely. But I wouldn't trade on it but wait for further confirmation either by a break above the triple high to buy or a break below 411 to sell for a close of the window at least.
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