TradingView
KeinsteinR
Nov 10, 2020 8:38 AM

NFLX Long 4:1 R:R Long

Netflix, Inc.NASDAQ

Description

NFLX is at support, which has held a few times already.
Although the recent news about Pfizer's vaccine had a negative impact, the company did benefit from subscriber growth during the pandemic and is in overall a good spot.
I see this trade as worth taking, considering the R:R ratio but will nevertheless be cautious, as tech might continue to trend down heavily duo to the vaccine news.
More