Devise2Day

NFLX @ Daily @ ready to take off (new all-time highs)

Long
NASDAQ:NFLX   Netflix, Inc.
Probably NFLX is one of the shares with the most exciting bullish perspectives !?
  • 133.27 (2015/12/07) is the actuallity all-time high price level
  • 129.29 (2015/08/05) was the 1st all-time - summer last year
  • 111.85 (2016/06/14) was the high in june this year before pressure appeared
An BreakOut above 133.27 should generate a mid-term buying signal & a BreakDown under 111.85 likely a mid-term selling signal :)

How ever,
as long NFLX is trading above the GAP (116.50 > 100.73) i am pretty bullish for this share ...
Prices from 120.37 until 116.50 are buying price areas for bulls !!!

  • 1st target should be 125.81 (end of extended downside trendline)
  • 2nd target should be 126.16 (temporarly high after november`16 lows)
  • 3rd target should be 128.93 (start of extended downside trendline)
After that, should the way into new all-time highs be free - likely only a quest of time :)

Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)

Best regards
Aaron

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.