A wild spec stock isn't ideal for TA. In Netflix's case TA works sometimes on intraday and the occasional break out signal swing traders look for. NFLX is meandering now. My guess: traders haven't decided whether to ease their positions slightly. If they do, NFLX should test the two century number.
Netflix has had so much good news lately, it's hard for prudent money to buck the trend.
For what its worth, which ain't much.
Flying back from a Cozumel dive trip many years ago, the pilot barely had the wheels up before announcing, "Houston is stacked up. We can wait here or wait there. How do you vote on cruising the island?"
Everybody yelled, YES!
We cruised the beaches not five hundred feet AGL, banking steeply in 'Island Reversals" when the pilot spotted a particularly beautiful sunbather.
When something "gaps" up (like netflx did by jumping 20% on earnings) creates an island by trading up there for a while, then gaps back down.
I'd post some links but Yahoo chat does not seem to like that.