Netflix Trade Setup

Netflix, Inc.NASDAQ

Description

⋅ Feb 26, 2020 9:52 PM

Netflix and the economy affected a lot by coronavirus. All details on the chart

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Comments

TMoneyBidness

⋅ Feb 27, 2020 4:09 AM

Check out the one I did. I think it's going to go down based on price action and trendline tests only:

anand_swamy

⋅ Feb 27, 2020 2:17 PM

@TMoneyBidness, However, it did break out of that channel and may have trouble getting back in. Especially with the $20 day it had yesterday.

anand_swamy

⋅ Feb 27, 2020 2:22 PM

@TMoneyBidness, The other thing is it has to break $360 support, which is very strong, and will be very difficult.

TMoneyBidness

⋅ Feb 27, 2020 2:23 PM

@anand_swamy, I agree with you. That 360 is a fib as well. We should break above 390 though

anand_swamy

⋅ Feb 27, 2020 2:27 PM

@TMoneyBidness, Hopefully! My prediction for today is that it will open low and rise steadily throughout the day to +$5 on the day.