NETFLIX FORMING CUP & HANDLE FORMATION
Hello community and welcome, thanks for the feedback and the messages, I really do appreciate them every damn time ;-)
Anyway, this is a short one on NETFLIX stock (nasdaq).
As you guys can see VOLUME is decreasing, divergence is unfolding and this beauty is forming a CUP & HANDLE.
For those who do not know what it is, I suggest to check it out on the internet or consider watching Videos/Charts I did about this formation.
Basically netflix has got strong fundamentals, almost acts like a monopole in its market, RSI is showing a strong divergence, options market might catapult it to ALL TIME HIGHS!
I expect the HANDLE soon, because the CUP has formed already, therefore a short term selloff to 320 might be possible, but any BUY IN in the ZONE might be a good trade for the longterm game.
Quarterly sales report was very positive though, looking forward, we might see a bright future for this stock especially when we overcome corona virus in the future, which has lead the markets to dip hard.
Recovery mode is activated already, so do not miss the train.
Much love, see you in the next one,
your quality trader
Anyway, this is a short one on NETFLIX stock (nasdaq).
As you guys can see VOLUME is decreasing, divergence is unfolding and this beauty is forming a CUP & HANDLE.
For those who do not know what it is, I suggest to check it out on the internet or consider watching Videos/Charts I did about this formation.
Basically netflix has got strong fundamentals, almost acts like a monopole in its market, RSI is showing a strong divergence, options market might catapult it to ALL TIME HIGHS!
I expect the HANDLE soon, because the CUP has formed already, therefore a short term selloff to 320 might be possible, but any BUY IN in the ZONE might be a good trade for the longterm game.
Quarterly sales report was very positive though, looking forward, we might see a bright future for this stock especially when we overcome corona virus in the future, which has lead the markets to dip hard.
Recovery mode is activated already, so do not miss the train.
Much love, see you in the next one,
your quality trader
Trade closed: target reached:
well, guys, target hit, the dip actually hit lower than thought, which was nice entry points. Anyone who profited on this one, congratulations, I left this trade with very nice gains! See you at the next one! :)
Trade closed: target reached:
Seeing Netflix hitting 600, while our call in this chart was at 300, I am pretty excited to see these gains!
We have got a good sense for the market everybody ;)
Happy trading everybody,
gqt
We have got a good sense for the market everybody ;)
Happy trading everybody,
gqt
May the force be with you