Netflix, Inc.Long
Logarithmic Channel Since IPO
Since 2002, Netflix has remained in a constructed bullish channel. With an RSI-based MA to compliment an established bottom, NFLX has tapped the support of this channel only twice in its public history before racing to new ATHs in a few years.
I believe the risk-to-reward ratio at these prices has significantly improved, allowing those with a long-term view to construct a position more confidently.
NFLX has tapped the support of this channel only twice in its public history before racing to new ATHs in a few years.I believe the risk-to-reward ratio at these prices has significantly improved, allowing those with a long-term view to construct a position more confidently.
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