May 26, 2011

NFLX - Bull Flag Breakout

  • Weekly Chart of NFLX shows a clear smooth up trend. Not challenged yet.
  • Day chart shows price breakout from a bull flag pattern. It also looks like a cup and handle pattern.
  • If the breakout does not fail. The medium term target for this up move is 280 levels. Price breaking and closing below 250 levels will negate the bullish view.

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