February 5, 2013

NFLX Chart update

 
  • Netflix daily chart shows a bullish engulfing pattern But price continues to trade in a range. Price must breakout of the range for the engulfing pattern to work well.
  • Weekly fibonacci levels shows 50% Fib level at 178. This level also should be closed on closing basis to target the Golden ratio at 208.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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