NFLX
Not only broke out of the downward channel it had been riding, but on the weekly has printed what is known as a Bullish Tri Star Doji , which is a reversal pattern. See link for image.
slideplayer.com/slid...ar+++NEW+PATTERN.jpg As with any candlestick pattern it is not enough to simply print it, that is absolutely no guarantee that price action will follow suit. However, they are helpful hints when combined with other factors (i.e. the breakout of downtrend channel and very near touch of uptrend support line that NFLX just had) to give you a slight edge on the market. My short term sentiment has now changed on NFLX , and will initiate a long position through call options upon close above highest doji print, which is above 301.55. First target 345.76. The caveat is if there is no close above 301.55 within the next week, pattern would be negated, and I will reevaluate. Happy hunting and GLTA!!
