May 1, 2017

NFLX Netflix IDEA

SII/ SII FANG & NOSH

NFLX Netflix IDEA

NFLX has recently moved to channel resistance (weekly), and may be breaking up out of this (daily).  Waiting for the highlighted level around $160.80 offers less risk, helping to add confirmation of a break from the channel (of course there is no guarantee). Mindful of pull backs and a retest of the channel potentially broken, […]

AMZN Amazon IDEA

SII/ SII FANG & NOSH

AMZN Amazon IDEA

The weekly perspective for AMZN shows a rise occurring within a contracting wedge pattern, and we can see the most recent weekly bar has touched the patterns resistance.  Note the overall movement and how it has respected / bounced between the horizontal dashed Fibonacci levels. On the daily chart the last daily bar gapped open […]

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