NFLX pumping like a penny stock!!
Tech stocks bouncing hard after dec lows. But is it sustainable? Are you buying the lows?
If i bought the low, I'd be thinking about those gaps running up here...Take profits folks!
NFLX forming head and shoulder pattern in 2018 and the drop in oct broke the neckline. The top blue arrow suggests the price is testing neckline resistance now. Failure to broke above the neckline takes the price back testing the longer uptrend (the lower blue arrow).
Earnings release this Thursday, Jan 17.
Tech stocks bouncing hard after dec lows. But is it sustainable? Are you buying the lows?
If i bought the low, I'd be thinking about those gaps running up here...Take profits folks!
NFLX forming head and shoulder pattern in 2018 and the drop in oct broke the neckline. The top blue arrow suggests the price is testing neckline resistance now. Failure to broke above the neckline takes the price back testing the longer uptrend (the lower blue arrow).
Earnings release this Thursday, Jan 17.