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$NFLX - Netflix - Long

NASDAQ:NFLX   NETFLIX INC
After the recent drops across the market NFLX             is back at support at 101. Price rejected from this level in the last few hours of trading yesterday.

Be cautious with risk management. On the daily charts price appears to have formed a head and shoulders pattern and if we break 101 we could see some accelerated selling pressure towards 90. We will wait until the market opens. No pending orders.

TP around 115-117.

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