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Netflix, Inc. (NFLX) Message Board

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  • chartists_view chartists_view Apr 6, 2011 11:41 AM Flag

    Chartists Warning..Please Read Part IV

    Today so far, we have a violation of today's low as well as yesterdays low and a failed breakout. This is two day in a row of this same action.So the short term bearish warning at least gives traders an opportunity to get out rather than waking up to a huge downside surprise.

    We are now watching the 15 minute 200 moving average which it has respected since the 3/21 breakout. A violation of this line would be the first break in short term trend.

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