$NFLX pocket pivot offers early long signal within flat base
Netflix has been quite lacklustre after breaking out of an 11-week Cup & Handle pattern on Oct 10. It's currently trading within a ~7% flat base with the pivot level just above $204. However, the pocket pivot yesterday provides a potential entry signal at roughly $200 with a stop just below $189.50.
The fundamentals are strong with increasing earnings and the recent price hike on subscriptions should give it a good revenue boost.
The fundamentals are strong with increasing earnings and the recent price hike on subscriptions should give it a good revenue boost.
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