There is a bull flag formation on the daily chart of Netflix (NFLX). This could signal a pop on earnings when the company reports after-the-close today. Reed Hastings will do his best to put a positive spin on the earnings after last quarter’s debacle. Prior to the last earnings call, the stock was trading above $360. After Hastings said competition was coming strong, NFLX fell to $250. This kicks off the first big tech earnings call of the season. Let’s see what it says….
Note: I have no position in NFLX.
Categories Swing Trading
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