timwest

NFLX basing pattern continues - comments

NASDAQ:NFLX   NETFLIX INC
409 1 0
Note how NFLX             held the support line drawn on the chart. This is constructive. Note the green boxes where I highlight the daily range and add another green box to highlight the most frequent zones where you may have filled your orders had you followed the advice to enter over 5 days. I believe it makes sense to raise the stop to 65 from 61, but given that this trade sets up for a period of another 6-8 weeks, we may not want to put our stop too close. Risking 12% to make 20%-30% is fine enough. If I lower the risk to 6%-7%, then we may get stopped out of a solid chance to earn the return. I like how NFLX             is acting relative to the overall market in the last five days. Technical Tim, 10:14AM EST Friday, Dec 9, 2011
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
http://venturebeat.com/2011/12/12/vetflix-verizon-acquisition/
Verizon may be preparing to acquire Netflix with the end goal of offering its own streaming video service.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out