OptionsUN1TED

NFLX | 1D | roadmap to ER

Long
NASDAQ:NFLX   Netflix, Inc.
NFLX is moving In a falling wedge from their last ER. This pattern is bullish as a break out is expected. Once there's a breakout, it's usually followed by a retest of the broken resistance which will turn support. Once support is established, we have lift off!

After their last ER, it gapped down and continued down.

We are receiving bullish news on Netflix now. If Netflix can build up some volume, they'll break out the channel.

I'm going long on this. ER is 16 Oct.

Good luck.
Trade active:
trade didnt follow the trend but we all know NFLX is a beast and wont be taken down so easily. this stock will keep moving up imo
Trade closed: target reached:
NFLX moved sideways on the daily. still above where i posted so gains gains gains. haha

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