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Netflix, Inc. Message Board

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  • sandyeggojake sandyeggojake Jun 13, 2011 12:23 PM Flag

    The Trader's Take -

    Possible. $255 is certain a theoretical support area to test. And I understand your desire/need to dollar cost average.

    I wouldn't go long post test of $254 till it clears $256 again. But if you go long there, better keep it on a very short leash.

    For with this valuation, you could see a buyer revolt, given if NFLX drops below $255... and it might not stop. Classic bear trap.

    We are also watching the P&F chart. If we get a cut below $256, it will signal a High Pole Warning sell signal.

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