sumastardon

Netflix: NFLX Potential Short then long set-up

NASDAQ:NFLX   NETFLIX INC
NETFLIX NFLX Buy Neflix and Chill - but where?
Volatility returning to the market is throwing up some
interesting short term trading opportunites, with Netflix being
a prime example... The nearest support lies at 261. If this
fails today it should open up a shorting opportunity back to
228-245 range. The 245 level is important, being the start of
the gap...should tghis level then fail today it opens a second
short back to 228-227 where it should rally from so can
consider reversing the short here with stops below 226. And if
wrong here, and there is no rally and 226 then fails it opens
yet another shorting opportunity back to 204-203 where it will
definitely bounce away again looking for a retest of the highs
again.
Comment: Lowering stop on this short to 260.6 for break even if it goes wrong from here
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