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Netflix (NFLX) Impressive Strength as Breaks Out of Base

Netflix (NFLX) Impressive Strength as Breaks Out of Base

by | Aug 19, 2021 | Chart SetUps

Netflix (NFLX) impressive resilience all week in this weak tape and starting to break out of its rounded base it put in right at key support retesting the June base breakout and key VWAP. NFLX shares are now working above VWAP off the January highs, $536 a 50% retrace level and $549.50 a 61.8% level. RSI is strong and clearing above 50.