JamesLegends

$NFLX Trend and Fibonacci Extension

Long
NASDAQ:NFLX   Netflix, Inc.
$NFLX has been trading in this range on the 4 hour chart for over a month. OBV looks good and MACD looks like its about to turn bullish. the 5 and 9 mas seem to be holding it up as well. If it can break my fib level at 661.91 tomorrow, I believe it can get to or near the next level at 673.11. If it can break my fib level, I will take a high risk daytrade on the $665 calls expiration 11/12. This could also be a good opportunity to take a longer position if the market is bullish.


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