NFLX confirmed breakout

[Stocks4life]

confirmed breakout this morning after three weeks of consolidation

BREAKOUT CONFIRMED breakout above 222.47, no resistance in area just above.
Type: True breakout from double resistance.
Target: 254.1, 11.7% Stop: 215.37, Loss: 5.3%, Profit/Loss ratio: 2.2 : 1 - Good

CURRENT PRICE 227.42, just above resistance, 215.7 ± 6.9, type double, strength 9
RESISTANCE ABOVE None.

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=NFLX

 

[Stocks4life]

Also found MRVL making a breakout today

BREAKOUT CONFIRMED breakout above 11.02, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 12, 7.4% Stop: 10.83, Loss: 3%, Profit/Loss ratio: 2.5 : 1 - Good

CURRENT PRICE 11.17, just above resistance, 10.81 ± 0.21, type triple, strength 3
RESISTANCE ABOVE None.

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=MRVL

 

[Stocks4life]

found BAC making a move higher off the 5 day bull flag

BREAKOUT CONFIRMED breakout above 13.15, no resistance in area just above.
Type: True breakout from double resistance.
Target: 14.01, 5.6% Stop: 12.99, Loss: 2.1%, Profit/Loss ratio: 2.7 : 1 - Good

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BAC

 

[Stocks4life]

found another FSL, good break above strong triple resistance

BREAKOUT CONFIRMED breakout above 16.28, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 18.16, 11.1% Stop: 15.64, Loss: 4.3%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 16.35, just above resistance, 15.87 ± 0.41, type triple, strength 10
RESISTANCE ABOVE None.

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=FSL

 

[atticus]

As hard as it is to believe, NFLX is in play.

 

[Stocks4life]

yes looks primed, taking a rest yesterday and today at resistance but next leg up above 252

CURRENT PRICE 244.17, at resistance, 244.4 ± 7.58, type double, strength 8

BREAKOUT WATCH for possible breakout above 252.05, no resistance in area just above.
Type: True breakout from double resistance.
Target: 286.6, 17.4% Stop: 234.35, Loss: 4%, Profit/Loss ratio: 4.3 : 1 - Excellent

 

[atticus]

Quote from atticus:

As hard as it is to believe, NFLX is in play.

>5% on the day. Wheeeeeeee!

 

[syswizard]

I'm hearing that Yahoo is now getting into streaming video and services ? Apple TV to come online soon as well.
Could this be the double-top of the century here ?
The NFLX chart looks like a blow-off top.

 

[cmb]

Quote from syswizard:

I'm hearing that Yahoo is now getting into streaming video and services ? Apple TV to come online soon as well.
Could this be the double-top of the century here ?
The NFLX chart looks like a blow-off top.

if you get ahead on a short play, be sure to leave 500-1k shares in play for a few months! lol, imagine covering at 75 from here?

 

[syswizard]

I think my premise is correct, but my timing may be off still.
The $65k question is: How far ahead of the competition is NFLX given it's technology base and customer base ?