Netflix (nflx) Chart Breakout

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Interesting to see a lot of the so-called tech stocks have performed well of late despite the wobble in markets. I am not sure I would be chasing tech based stocks at this time but there is certainly some strength in depth.
     
  2. Chartman

    Chartman Senior Investor

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    Hi JR,

    Looks like Netflix is getting ready for another run?
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    I read somewhere that they are pushing through prices rises - that will increase margins.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yeah, up a good 10% in the last week - not bad!
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    To think that Apple was seriously considering a bid for the company but delayed and delayed until eventually deciding to walk away.
     
  6. Chartman

    Chartman Senior Investor

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    At just over $199 the uptrend in this share is still very much intact - Apple must be ruing the day they stepped away from a potential takeover.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the share price is walking up with the trend line - a lot more to come in my view.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Seems to be some very good strength in depth for this one - is there something going on behind the scenes?
     
  9. Chartman

    Chartman Senior Investor

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    Has the uptrend been broken? Just hovering above the next technical support level.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    This is just a bounce before it tests the next support level in my view. I thought this stock was really going to power ahead but looks like it is now running out of steam to me.
     
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