Declining wedges typically resolve bullish. I really do not like this stock, but the tape doesn't lie and NFLX makes a lot of big moves up and down. Not to mention its retesting this macro trendline we talked about months ago on NFLX. As long as thats not broken, no reason to believe NFLX wont push higher.
Can look for a retest of the upper trend on the break and get in then. This thing is gonna resolve one way or the other very shortly, so be prepared for either direction. Keep an eye on the overall market. It's trying to break this consolidation zone as we speak. False breaks do happen.
Can look for a retest of the upper trend on the break and get in then. This thing is gonna resolve one way or the other very shortly, so be prepared for either direction. Keep an eye on the overall market. It's trying to break this consolidation zone as we speak. False breaks do happen.
Comment:
Comment:
Looking weak right now. Wont be going long if the spy can't stay above 294 either way.