NFLX – the internet movie giant before earnings release. We’re keeping our position and expecting NFLX to break higher to new all time highs. The chart below has elements of a saucer and handle style base. Not quite deep enough for a cup. Volume in the base is very constructive – looks like institutional accumulation.

Some key points with Netflix and why we think it will be a big winner:

NFLX – new product and service.

NFLX – new all time highs being hit.

NFLX has recently morphed from not only being an Internet tv/movie content delivery site but also producing its original content.

NFLX shows win awards – Emmy etc..

Earnings have been accelerating over the last two quarters.

NFLX - Netflix Daily Chart

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