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.
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.