NFLX continuation weakness after earnings

Netflix             stock plunged down after earnings report as the leader of streaming video companies offered weak guidancefor subscribers growth. But it is not the only reason. The arrival of Prime Video as a more direct competitor, as well as Amazon Prime can create some challenges for Netflix             .

The price gapped down below 200 EMA and holds near the bottom - the sign of weakness. It failed to reverse as $IBM did. And may continue its weakness, especially if market will bounce off from resistance (now, it is curling down).

Trade Management:

With today's candle, it broke down support at $94.20 (which was an entry) with the STOP above $97.40 and TARGET (next important support) at $88. The risk/reward ratio is 1:2, that makes tjis trade attractive.
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out