Looks like a nice strong breakout... the daily may hide this with bear trap under the cloud, but I'm thinking this gets pulled up quickly at some point this week... either with double bottom in combo with this shown breakout, or it may go down to retrace (creating inverted H&S) before continuing upwards... either way, incredibly strong buy considering COVID-19 society with us all indoors... I'll certainly be buying any other dips like we saw on Friday. Again, I think the last session was just an options squeeze to capture all call premiums, also building up shorts to squeeze in next couple weeks. AAPL just reached (soared*) to new ATH on Friday, so also likely that most money was there or on the sidelines.
Above 500, this should go to 510, then 520s, then retest ATH. I expect a quick break through ATH towards 600+, with eventual split announcement. I also wouldn't be surprised if they made another move or two during this time to help, such as M&A or original content/deals... As a fan of ROKU, I'd like to see something happen there, but I bet DIS or AMZN (or even AAPL or other) would win over NFLX... IF NFLX DID get ROKU, this is going 30% within 2 months of that time!
Be safe, hedge and use trail stops -- but I'd suggest confidence as this rebounds into next ATH!
Above 500, this should go to 510, then 520s, then retest ATH. I expect a quick break through ATH towards 600+, with eventual split announcement. I also wouldn't be surprised if they made another move or two during this time to help, such as M&A or original content/deals... As a fan of ROKU, I'd like to see something happen there, but I bet DIS or AMZN (or even AAPL or other) would win over NFLX... IF NFLX DID get ROKU, this is going 30% within 2 months of that time!
Be safe, hedge and use trail stops -- but I'd suggest confidence as this rebounds into next ATH!