One green candle does not mean we have found the bottom, but I do see the small bounce is at previous levels of support (weekly support).
When a stock is done declining, it doesn't necessarily mean it will go straight up (though V bottoms do exist). Usually after a strong run, we will see a bit of a base 1.5+ months.
Here are some ideas on what to look for on the charts if you are peeping NFLX for your portfolio or to trade it to the upside.
PS. Reminder this is not investment advice. We are just looking at charts together. You do you.
When a stock is done declining, it doesn't necessarily mean it will go straight up (though V bottoms do exist). Usually after a strong run, we will see a bit of a base 1.5+ months.
Here are some ideas on what to look for on the charts if you are peeping NFLX for your portfolio or to trade it to the upside.
PS. Reminder this is not investment advice. We are just looking at charts together. You do you.
Emanuela | thetraderreset.com
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.
Emanuela | thetraderreset.com
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.