Netflix, Inc. (NFLX.NASDAQ)

24 October 2018


Technical Summary: If you have held NFLX for any reasonable period of time your brokerage account is thankful. This is evidenced on the one year chart above as well as the five year chart on the right. With both moving from the bottom left of the screen to the top right. After a series of breakouts this year the stock finally became overextended in June and has entered what appears to be a consolitation period. It remains to be seen where the next substantial move will be for the stock but there is a potential shorter term buying opportunity at the current juncture. This is with the stock pulling back to previous support within the base. The stock could be bought here with losses cut if the base does not hold and profits taken at the top end of the range.

If you have held this darling for any reasonable period of time your brokerage account is satisfied

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