NFLX Long

If you take a look at a weekly chart of NETFLIX (NYSE:NFLX) you will see a recurring pattern, the stock has a tendency to consolidate for approximately an year and then give parabolic moves to the upside. I have marked all such parabolic moves on the weekly chart.

We have already broken out of the resistance of the consolidation and I believe we will see levels exceeding $1000 in less than a year's time.

Buy in and sit tight.