dubi_m
Long

NFLX over $500?

NASDAQ:NFLX   NETFLIX INC
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My previous bearish thesis on NFLX got quickly negated once we crossed that descending trendline . We're still a few dollars short of March highs but sure looks interesting here. The aggressive flush and recovery hints on strong continuation once we clear previous high at 458ish. We may potentially retrace back down to 430 for gap fill but sure seems like it's going to hold.
A classic frying pan bottom...the gap confirms. Bullish.
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Interesting, thanks for your comment. Wasn't familiar with this pattern so looked it up. I'm still thinking it may fill the gap but once it turns and breaks over 458, it will run
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