Tuesday, November 13, 2012

NFLX

As simple as it gets, NFLX breaks out on the hourly chart. Atleast the posture looks like so after consolidation of few days. Right now, as I type, the ticker is back in the channel in thr next hour candle. Apparently the volume is on the light side, breakouts of low volume doesn't last. Nevertheless, keep this under your watch list and buy on a confirmed breakout with appropriate stops. I believe that the breakout is to the upside. Should it be lower, short the ticker.


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