NFLX has added 20% to price in the two months since the last earnings which were decent
but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall
from the second upper VWAP line to support from the first upper VWAP line. The zero lag
MACD shows line rising over the horizontal zero level in perhaps a sign of bullish divergence.
The lines are now over the low amplitude histogram. I will take a long trade here targeting
$650. Recent news is the CEO sold 20,000 shares out of the 12,000,000 that he has control
of. Nothing unusual there. His friends and others ( myself included) may be buying the dip.
but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall
from the second upper VWAP line to support from the first upper VWAP line. The zero lag
MACD shows line rising over the horizontal zero level in perhaps a sign of bullish divergence.
The lines are now over the low amplitude histogram. I will take a long trade here targeting
$650. Recent news is the CEO sold 20,000 shares out of the 12,000,000 that he has control
of. Nothing unusual there. His friends and others ( myself included) may be buying the dip.
Trade active:
Decent action today- looking for more after NT lunch hour. Stop loss raised but still
below break even. Took a partial profit and added back on a small momentum fade.
below break even. Took a partial profit and added back on a small momentum fade.
Comment:
Price moving after the NY lunch hour ended
Comment:
Price moved up a little today. Patiently holding.
Comment:
Partial profit taken at price of 638 now adding back on the dip to 617.