GOOGL, NFLX update 11/7

GOOGL: May have already bottomed for major 2. Critical support held, not needs to close above its 20d and 50d SMA to further the upside potential. Also here a non-ideal A.I. buy signal from deeply oversold levels. With the trade through $790, the 80/20 rule tells us we should expect at least $820.



NFLX: Could have bottomed for minor 4, but is still a bit shy of the ideal target zone of $121-$117 (black rectangle). Hence, maybe today was b-wave high and retest of 20d SMA, which is inside the target zone is coming !? That be a great buy. If not, break above minor 3 at $129+ targets mid-high $130s for intermediate iii.