Logarithmic Channel Since IPO

Since 2002, Netflix has remained in a constructed bullish channel. With an RSI-based MA to compliment an established bottom, NFLX has tapped the support of this channel only twice in its public history before racing to new ATHs in a few years.

I believe the risk-to-reward ratio at these prices has significantly improved, allowing those with a long-term view to construct a position more confidently.