Chart of the Day: Netflix Consolidates After Earnings Surge

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Netflix jumped earlier this month after announcing results. It’s now consolidating, and some traders may see potential for more upside.

The first pattern on today’s chart is the bullish gap on October 19 following the quarterly report. Prices cleared a peak of $394.90 from two weeks prior and have remained there since. Has old resistance become new support?

Second …

For more, please click here to view the related idea and chart analysis on TradingView.

Netflix (NFLX), daily chart with selected patterns and indicators, courtesy of TradingView.
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