AWPEARCE1

NFLX 1D - lONG FOR THE SHORT TERM

Long
NASDAQ:NFLX   Netflix, Inc.
Stochastics nearing overbought position. Price action is moving sideways in a range between576 and468. There is still more momentum upwards to the 554 level. Xmas holidays will surely see to that. Thereafter i see a possible Head and Shoulder forming, and if it plays out could go to 364 for a temporary pullback, and a nice place to re-enter.

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