NFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the
POC line of the volume profile showing buying pressure has extinguished bearish momentum.
The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally,
NFLX revenues have increased with the household password crackdown. Traders and investors
have noted that. I see NFLX as setup for a long entry. I will determine the best entry on
a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal
resistances on the 4H and daily charts and so a good potential reward compared with the
risk of a stop loss at 416 set below the POC.
POC line of the volume profile showing buying pressure has extinguished bearish momentum.
The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally,
NFLX revenues have increased with the household password crackdown. Traders and investors
have noted that. I see NFLX as setup for a long entry. I will determine the best entry on
a lower time frame either 5 or 15 minutes. I see targets as 485 and 560 based on horizontal
resistances on the 4H and daily charts and so a good potential reward compared with the
risk of a stop loss at 416 set below the POC.
Trade active:
Trade entered in the premarket. Price rose 1.75% in early trading with a spike at the open.
Trade active:
NFLX went up $% this past week. STop Loss raised to above breakeven. Trade is now free of risk. Looking for more durng this short trading week ahead.
Trade active:
Another 4% rise. Holding full position for now.
Trade active:
NLFX on a slow grind higher. call options are doing well. They expire 8/4 might roll
them to avoid a time decay on 8/1 if price does not pivot down in the meanwhile.
them to avoid a time decay on 8/1 if price does not pivot down in the meanwhile.
