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TradeVulture.com
Jun 18, 2014 7:43 AM

NFLX Distribution or Trend Continuation? Short

Netflix, Inc.NASDAQ

Description

NFLX is currently testing support lost at the highs for the first time, and should get smacked back down to what was gained. Waiting to see if we continue to distribute or if we get absorption to make new highs. I'm leaning to continued distribution in the coming weeks. The break of 416 support would immediately signal a short back to support gained.
Comments
TradeVulture.com
About to get messy...
djflowmaster
Agree & nice insight and chart!
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