NFLX Failure At Fib

When a stock fails at a 38.2% or 50% fib, there is an increased risk of it testing the lows (or highs); many times exceeding it.  NFLX is facing increased competition as HBO (TWX), Amazon (AMZM), CBS and others are joining the streaming crowd.  My next target will be to take some off at the lows and let the balance run. 

Full disclosure: short position via common shares

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