NFLX

$NFLX nothing changed still $87 is my target

 

I wonder what to expect from NFLX at the end of the year.

 

I closed my short yesterday, expecting a pop today and i will short again post-pop

 

I want to tell you that NFLX keeps well. And I doubt very much it will drop to $50 as some people say.

 

Geeze this thing looks like poised to go back to 99

 

Perked up late yesterday, $93.25-$93.50 should spring it. Wait for it, no need to be early in this one.

 

I could be wrong but it looks like it's forming a W bottom on weekly chart. I think we'll see up before down.

 

It could be better, but certainly neither today and nor this month.

 

Now, at this level, its just a tradeable stock with no direction.
The down move has been made.
Expect an upward retracement, and then choppy action.

 

Nothing interesting here for the next couple of months. Let's wait for the next earnings.