TWTR triggered a swing long when it crossed above 46.35 and did not look back to give anyone that missed the initial trigger a chance to get in. There isn’t much to do for those that got in on the trade except to manage the trade and protect their profits.
NFLX has retraced back 100% to its previous 2012 high near the 305 area and reached the 127% Fib extension level. If it can break above this extension, NFLX could be making a move to the 141% Fib extension near 409.
Looking at the daily chart, the near term rising price channel also indicate a possibly for the price to move to the 409 level where the upper trend line crosses.
Disclosure: Long NFLX Call option and FB.
