Thursday, July 19, 2012

NFLX Follow Up

 1 min intraday

 2 min

 3 min intraday and trend

 30 min -this could also set up a nice head fake reversal shown below.

 Ultimately the 60 min chart looks very positive, a pullback should see positive divergences in to it and we should ultimately see a move quite a bit higher in NFLX longer term.

On an intraday basis, a move above $86.65 or even on a closing basis if we can get that, with continued or worse negative divergences would set up a high probability head fake short that should move to the downside pretty quickly. I'm not sure if it can make it there though.

No comments: