electrifiedcapital
Long

Netflix Breakout from 8 Months Rectangle

NASDAQ:NFLX   NETFLIX INC
26 3 0
Such breakouts are powerful and its easy to manage risk. One can place stop loss below the breakout bar's low. The take profit is the distance between the highest high of the rectangle and the lowest low. Source: http://www.octafinance.com/
660.05 -5.54 -0.83% Take profit hit
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NFLX - 613.25 - May 15 - Close - Probably going to target, but its wise to tighten your stops soon. No point to risk the open profits only for 10-20% of the last move.
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