Netflix (NFLX) has my attention this morning – using Fibonacci support/retracement levels, dating back to the beginning of the rally back in July ’07, with it peaking four years later in July ’11, you’ll see that it has pulled back PERFECTLY to the 61.8% retracement level at $126 and has bounced. In fact, yesterday, when the market was down well over 3%, NFLX managed to eek out a gain, without once dipping below that key support level. That is strength, my friends.
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