Brad, who's long NFLX from $10 and change, wanted me to take a look at the chart. I had another request for NFLX last month when it was at $10. The person who requested that chart mentioned that the stock may be ripe for a short squeeze. The stock dropped about 8% after I did that chart but is now up about 22%. Based on how steep this current rally is I'd guess that the shorts are indeed scrambling now.
Anyway, back to Brad... I don't know his time frame for this trade but it looks good for a short to intermediate term trade. I see a bit of resistance above but frankly I'd be more concerned about the uptrend line holding. You could also use one of the moving averages (10, 20 or 50-day..) as your trendline if you wanted to give the trade more time/space. Also, a very important FYI -- earnings are April 21st. :-o
