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Friday, 28 September 2018

Technical Analysis of Netflix Inc (NASDAQ: NFLX): 28 September 2018, Friday, 2.40pm Singapore Time

Technical Analysis of Netflix Inc (NASDAQ: NFLX): 
28 September 2018, Friday, 2.40pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of Netflix Inc (NASDAQ: NFLX). When Netflix was at $157.20 just May last year 2017, I gave a buy rating/bullish rating of Netflix fore-warning that it would rise another 3x from $157 based on volume flow.  It has risen close to +300% but I am still bullish on Netflix for more upsides. On 13 September 2018, when Netflix was $370.93, based on volume flow, I gave it yet another buy rating/bullish rating, pre-empting that Netflix would rise beyond $420 per share -- the Marijuana magic number which was also used by Elon Musk on Tesla "privatisation". Netflix also has this Marijuana Magic Number of 420 at the resistance. This is a special stock -- the $420 resistance level is deliberate. Once this $420 breaks out, it will fly high like Mari-Aurora (Marijuana theme in US).

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