H&S on NFLX
Updated
I believe there is a very ugly H&S pattern on NFLX showing up on the 4 hour chart. If price drops below $318, the pattern could send the price below $200... Keep an eye on this one.
Comment
That's why you wait for patterns to complete... The quarterly earnings report gave it a big bump today. NFLX is spending a ton of cash though and is not completely safe yet in my mind. I will continue to watch.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.