DZ3572

NFLX short swing plan

NASDAQ:NFLX   Netflix, Inc.
Scouting a bearish play in a blue sky breakout is not a trade I recommend. That being said I'm scouting a short swing on NFLX. Trade is simple, looking for a short entry as close to 429-434 as possible with a swing target of 370. Stop is a weekly close ever 450 for a 5% risk and 15% profit for a 1:3 risk/reward. If NFLX fails to reach 429, I will simply skip the trade since there are way better trades out there anyway.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.