Netflix, Inc.
Long

NFLX setting new support levels?

129
* Relatively strong earnings quarter over quarter
* Strong up trend
* Broke out of a 14 month consolidation with higher than average volume
* Creating a new base above broken level of $593.29
* Minimum probable ROI of 28.03% if the trade goes in our favor

Trade Idea:
* Now would be a great time to get in on NFLX as it's creating a new base right above the broken level.
* $593.29 is expected to hold as support
* A break below that would make $575.37 a nice entry if you're looking for a discount.
* Worst case scenario we could see a low of $558.30 which would be the last level of support before further downside.

Haftungsausschluss

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