AI
Wednesday, March 21, 2012 4:24:47 PM
NFLX has at least a few more dollars upside before RSI touches 70 and it starts to consolidate. Also lots of things going for it:
Daily trend is currently up, Daily MACD just crossed to the upside, next resistance level is 124-125 range. If it breaks that, then it will work its way to 131. If it breaks and holds that, then look out above because it just completed the cup and handle pattern.
The only thing that could undermine that is bad news during the next couple of weeks, and as we saw last summer that can certainly happen
Daily trend is currently up, Daily MACD just crossed to the upside, next resistance level is 124-125 range. If it breaks that, then it will work its way to 131. If it breaks and holds that, then look out above because it just completed the cup and handle pattern.
The only thing that could undermine that is bad news during the next couple of weeks, and as we saw last summer that can certainly happen
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
