Netflix has been quite lacklustre after breaking out of an 11-week Cup & Handle pattern on Oct 10. It's currently trading within a ~7% flat base with the pivot level just above $204. However, the pocket pivot yesterday provides a potential entry signal at roughly $200 with a stop just below $189.50.
The fundamentals are strong with increasing earnings and the...
The pocket pivot day yesterday (Nov-28) is a potential signal for an early trend continuation entry with a tight stop of roughly 4%.
The Point & Figure count for the consolidation trading range from Feb to Aug this year has a price target of 90-95, which is still good R:R.
Earnings are due on Dec-07 so a buffer is required to hold through it otherwise the risk...
ARF may now move into an uptrend after coming out of a 16-month long VCP on above-average volume on Friday.
The recent high volume days in mid-October did not result in any downward progress, indicating demand absorbing supply and can be seen by the sustained upward move since then.
$AUB has been trading in a ~13% flat base since reaching all-time-high back in late May. Price action and volume has tightened and formed a clear pivot point within the base at $13.50. Watch for a break of this level on volume for a long entry signal.
$NWH may go again here after the false start back in September, which shows it needed more time to digest gains prior to stepping on the gas again. The strong volume day yesterday is also a pocket pivot volume, showing a high breakout potential.
Orica has been a poor performer compared to the XJO but the recent strength (SOS) as it tries to come out of its trading range shows the potential of being accumulated. Watch for volume when/if it breaks above the most recent high at $21.21.