Netflix broke out from the downtrend but indeed there happened nothing last 8 days. But in a long range from 2012 lows to 2015 highs NFLX had a good correction at 85 = 38,2%. What makes me happy about a bullish scenario? I love this 3point extension after the split 07-15-2015. Since the level of 90$ = 23,6% stabilized prices after a long series of down gaps. So I follow the bulls here. :))))))))))))))
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3pointer filled 78%, I take out 60% from now. ;)
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This would be a short trade with 117$ target. ;)
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trailing stop! stay active guys!
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117$ filled
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