EvanMedeiros

W pattern possibly brewing

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BATS:NFLX   Netflix, Inc.
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$NFLX not as strong as most of the other high beta this week but I think its hanging in just fine. It made a higher low above 210 and it could be morphing into some sort of W pattern. I think 214 is an important level to shoot against on the long side , below there and i become neutral to bearish. Bottom line I would rather be long then short at this price and timeframe.

Evan Medeiros
Founder, Trade Risk
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