jamespwu

NFLX, still below the head and shoulders and uptrend line

Short
NASDAQ:NFLX   Netflix, Inc.
2
Unlike the other FANG stocks, NFLX is still below the uptrend line of 104 to 105. It is also trading below the neck line of 105, It was relatively weak on the close Friday. The only positive is that it did not close at a new low below 100. The stock is now trading around the 61.8% of the FIB retracement. I am short with options below 105.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.