Hi people! I am a NFLX Bear now! Lot of signals. Fundamentals first. Overvalued stock! Lot of FOMO before ER (+55% in less than a month). The prices increasing was a trap. The ER was not as expected by investors. Lot of dudes in the US markets. Technically; We are again inside the downtrend chanel looking to the down again. This allow us to put the stops over 354-359 to control our risk. The Elder inpulse systems allow us this operation since we are seing a good blue candle in 1D chart and we are seeing the first RED candle in 4h chart since DEC 24th!!!
I trust in NFLX for a long time but now we have to see a correction to the uptrend line in yelow!! I will take this risk. Good luck!
I trust in NFLX for a long time but now we have to see a correction to the uptrend line in yelow!! I will take this risk. Good luck!
Comment:
Nice! Stops moved to 334-339 area!