The lifetime chart really showed the story here. After NFLX had collapsed 77% in a matter of months, it managed to traverse its lifetime channel range and tag its supporting trendline beautifully. It was one of those once-in-a-blue-moon kinds of moves.
Since then, it is up 50%, and it still looks poised for more strength. I’d say $333 is a pretty hard stop on this one, which would be a 100% gain from its trendline tag.
