NFLX next leg higher

S

Stocks4life

NFLX gearing up for another leg higher here, imho

BREAKOUT WATCH for possible breakout above 273.28, no resistance in area just above.
Type: True breakout from double resistance.
Target: 309.4, 14.4% Stop: 258.8, Loss: 4.3%, Profit/Loss ratio: 3.4 : 1 - Excellent

CURRENT PRICE 270.37, at resistance, 265.6 ± 7.7, type double, strength 6
RESISTANCE ABOVE None.

SUPPORT BELOW -9.6% at 244.4 ± 7.09, type triple, strength 10
-16.5% at 225.8 ± 6.55, type triple, strength 5

NFLX_8_22.png


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

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looks like yet another leg higher, confirmed breakout on good volume and a beauty of a chart

VOLUME 4.24mil shares, +26.4% compared to typical daily volume over the past 6 months.
Typical daily volume is 3.35mil shares over the past 6 months.

BREAKOUT CONFIRMED breakout above 317.36, no resistance in area just above.
Type: True breakout from double resistance.
Target: 352.3, 8.5% Stop: 310.75, Loss: 4.3%, Profit/Loss ratio: 2 : 1 - Fair

NFLX_10_1.png


source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=NFLX"><u>NFLX at StockConsultant</u></a>
 

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Honesty, I have over 50 stocks that have a chart just like NFLX. They are ALL breaking out. Not trying to diminish the NFLX call. NFLX looks like its going to 350. I think we are about to see some fireworks in the market.
 
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