$NFLX Long at Montlhy Demand

NFLX has found some buying pressure at monthly demand. Being that the market is oversold into the big picture downtrend and we have rallied away, potential upside in many stocks is a great buying opportunity. NFLX closed above the 20 SMA on the Daily and is forming a rounded bottom breakout. Target into the fib discount zone between 216 and 230. Looking for a top target of 230-250 over the next 3 weeks.