NFLX looks like a short to 118 here

20 Ağu 2015

Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend line and looks like it wants to test 118-117 zone.