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Vinny10
Aug 26, 2020 5:29 PM

Target Reached 

Netflix, Inc.NASDAQ

Description

I am waiting for a pullback to get back in for possible hit toward T2

Comment

Retracement complete. Looking for now a $570 - 600 target
Comments
LittleHe
nice chart!
Vinny10
@LittleHe, Thank you!
chiefwils0n
Great work @Vinny10
Vinny10
@chiefwils0n, Thank you sir
LittleHe
pullback around $532?
Vinny10
@LittleHe, I would like $511 but not sure if we'll get that low. I feel we may go sideways to higher before the next rip up. I'm fully out of NFLX for now
LittleHe
@Vinny10, I have long position for NFLX. sold out 20% on the breakout day. I have the same feeling that NFLX will go sideways then to higher as ROKU was going up higher with less mkt cap. More likely ppl will sell NFLX and chase ROKU instead. But I am not sure how low NFLX will pull back to.
Vinny10
@LittleHe, Totally agree. I would personally take your 20% and buy at $511-513 if we get there. I think it's likely because that also the 61.8% retracement of 8/26 candle. Try not to buy before then. Hope this helps
Vinny10
@LittleHe, We're pretty close actually -
LittleHe
@Vinny10, how about 61.8% retracement of 8/26 candle(491 to 546) (current price $526)
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