TradingView
jktsuchiya
Aug 25, 2016 1:36 PM

My take on $NFLX Long

Netflix, Inc.NASDAQ

Description

I love the squeeze that is happening and how it is respecting the Fibonacci retracement while on the squeeze. On the support side of the squeeze is sustaining and on the resistance part is having lower lows and is increasingly lower. Volume on the squeeze is low, which it should be a good indication. Good time to wait for the stock breaking the squeeze before entering.
More