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On several occasions, I had profiled the longer-term damage that the chart of Netflx has sustained last year. Indeed, the overall technical picture is still painful for those who were bullish on the stock when it was above $300. Last week, however, I went long Netflix inside the 12631 Trading Service at $95.60, based on the daily chart setup. As you can see, price recently firmed up after a powerful move higher supported by strong buy volume. The idea was to play for a secondary breakout from a bull flag, which we appear to be seeing this week. With plenty of shorts still in this name, I believe the possibility of an intense squeeze is still a distinct one. I intend to sell before earrings on January 25th.
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This header is uncomfortably close to sounding like you’ve been playing w. your stool.
And I don’t mean the 3-legged variety, either.
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LoL Are you looking for signs of high fiber in your diet again via stool analysis?
Not exactly. Not sure if you’ve had kids yet, but there’s a certain subset of infants/toddlers that fall into the “Squeeze and flick” category.
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Good trade.