Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, March 8, 2011
NFLX Netflix Daily Chart
NFLX Netflix daily chart taking a closer look at a potential H&S in progress. A bounce in here would create the right shoulder. Lots of gaps to fill for this stock down below. In fact, price is working on closing the gap in this 185-200 zone. An educated guess would be a bounce from 185-195 back up to create a right shoulder at 210-240, filling any tiny gaps above so all business is closed out above. This would open the door for the extended down side for the remainder of the year. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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