NFLX has lost 76% from its November highs to its July lows. Looking at the chart from a purely technical point of view, here is what I see: - the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428. - There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331....
still in a flag. adjusted trend lines. demand in white rectangle. tomorrow should be an interesting day!
SP approaching upper supply line boundary; breakout provides ≈67% technical PT. Pattern neutral until decisive breakout.
High float short, if breakout will result in quick run up to target.. not investment grade.
Golden Cross pending on hourly w/ + Momentum ready to begin on daily and MACD pointed up on 0 is an overall good technical indicator. Volume profile matches typical H&S.
DVAX gapped down and then formed a flag pattern, it's tightening up towards the resistance so i'm watching for a breakout tomorrow
if this can get above the 7.50's area and hold above it then we can get a nice breakout tomorrow.
SM recently failed on this breakout attempt, but hasn't crossed back under yet. looking to see if this can bounce up and continue tomorrow following this little action today.
WB is nearing the top of this breakout pattern, going to see if we can get a breakout tomorrow!
This one just spiked up today and it was just because the other Bio stocks ran, and we saw what the day after it ran last week. Going short on this tomorrow morning when it sets up