Netflix is not Blockbuster

Self Explanatory - Descending Triangle .

If we have a mini recovery over the next week or two, i expect NFLX will do VERY VERY well.

We painted some target lines in black.

Best of luck traders.

Kommentar:

We are not yet into this trade. We are waiting for a break out and confirmation above the descending wedge to consider it valid for a play upwards.