NFLX is setting up for a long and I would enter tomorrow if I didn't already have a position on - unless it opens below the channel and doesn't move quickly back into it.
Trade active
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This was a little slow to confirm but I am in the trade now
Trade active
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This trade was a stinker, but I am leaving it on because the volume looks to light to be convincing to me. I don't believe the Disney deal is as bad for NFLX as being priced in either, but this is the worst kind of trade to be in for me, so exercise caution.
I think its an overreaction as well. 195 is a high support compared to the last few weeks. I expect if it fluctuates up tomorrow, to at least hit 197 for a time.
matthewclaytonsherman
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the last runnup past 200 dipped the support to about 191-2. So I'd say it's promising that it still nearly reached all time highs yesterday and that the buck so far has stopped at 195.50ish