Netflix, for all its wild movements over its existence, has followed a surprisingly steady ascending channel.
Netflix, for all its wild movements over its existence, has followed a surprisingly steady ascending channel.
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The SlopeChart above contains the after-hours post-earnings surge (shown below). It’ll be interesting to see during tomorrow’s regular session if NFLX remains “contained” (to borrow a term from Mr. Bernanke years ago) or is so strong it breaks resistance.
(Click on image to enlarge)
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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