I was having trouble posting some charts on my Twitter account last night, so I decided to make a quick post about 2 specific charts I am looking at: Netflix (NFLX) and Clearwire (CLWR).
Both these stocks weren’t impacted as much by the “crash” last week, so we can assume there is no data confusion here.
The chart of Netflix is pretty simple. Once the stock topped out around $110, it pulled back a little – now it looks like we may get a chance for another run at $110 with a break out of its downtrend channel.
Last Thursday when the market was going down, Clearwire was actually going up… and on massive volume. Since than, the stock seems to be basing out on relatively low volume. This leads me to believe a run higher should be coming soon. Support around $7.60.
