Libbyt, NFLX is doing well because I finally signed up with them a week ago.
The problem you have with the charts, when news comes out, is that it will taint the technical picture somewhat over the next couple of days.
You will have a lot of motivated buyers and sellers, some trying to play the momentum, some taking profits, some covering short positions and some selling into the strength because they were underwater and want to get out when they break even.
Your objective would determine the strategy.
Are you in or looking to get in? If looking to get in, are you looking short or long term? If in, are you looking to take profits on the news?
All of these things are important for me to know before providing an analysis because there are too many scenarios to cover in a news related event.
I don't like the chart of IDNX. There are too many gaps. Must be a lot of news related stuff. It needs to settle down and develop some reasonable chart patterns.
stockcharts.com[h,a]daclyiay[d20050425,20050725][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
MAGS has a very nice looking weekly chart. The daily chart indicates it needs to consolidate a few days and present one of our buy set ups, if one is looking to go long. If already in, I would stay in, and set a price target and use a trailing stop depending on the time frame in which you wish to hold it.
If you are looking to sell MAGS, I would take profits on any strength it might show in the morning and look for another buy set up on any consolidation.
Again, I must know what the objectives and time frames are before I can provide a usefull analysis.
MAGS daily:
stockcharts.com[h,a]daclyiay[d20050425,20050725][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
MAGS weekly:
stockcharts.com[h,a]waclyiay[d20040425,20050725][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G
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