The attached article cites bullish fundamentals due to overseas investments on the part of NFLX and that they really have no other good competitors at this point.
On the technical side, we see that its really trying to break that level or resistance at 114.16 or so. Once it does that, its a relative vacuum area above so it should be smooth sailing at least until the low 120's. The MACD/RSI combination tells us this is an optimal time to enter, but admittedly the OBV is not as strong as it could be.
For stop losses, note the resistance from below via the Ichimoku cloud at 107.35 (which coincides perfectly with a Fibonacci level) or the low of 11/10 at 108.40. For profit targets, consider the highs of mid September in the 118's, or the Fibonacci level at 118.36.
On the technical side, we see that its really trying to break that level or resistance at 114.16 or so. Once it does that, its a relative vacuum area above so it should be smooth sailing at least until the low 120's. The MACD/RSI combination tells us this is an optimal time to enter, but admittedly the OBV is not as strong as it could be.
For stop losses, note the resistance from below via the Ichimoku cloud at 107.35 (which coincides perfectly with a Fibonacci level) or the low of 11/10 at 108.40. For profit targets, consider the highs of mid September in the 118's, or the Fibonacci level at 118.36.
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