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Wednesday, February 22, 2012

NFLX Targets

NFLX is unexpectedly weak and is very oversold.  After some consolidation and dead cat bounce, the 107 area represent the 23.6 Fib extension target, with 106.55 50 day EMA just below.

104.44 is the gap support.

91 is the full target wih 91.48 horizontal support nearby, marking the area of confluence of support.

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