NFLX, similarly to AMZN, likes to consolidate for long periods of time prior to large explosive moves.
If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to 33% and 21% gains on equity within the following 2 months AFTER breaking out.
As of right now there's UOA on $570 and $575 calls expiring next week.
This one is on high watch for me going into next week.
Warwick Gorman
OptionsSwing Analyst
If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to 33% and 21% gains on equity within the following 2 months AFTER breaking out.
As of right now there's UOA on $570 and $575 calls expiring next week.
This one is on high watch for me going into next week.
Warwick Gorman
OptionsSwing Analyst