sk_investments
Short

Netflix NFLX potential short three rejections from a key Level

NASDAQ:NFLX   NETFLIX INC
Netflix is potential short if breaks below 362. The target is 38% retracement from the lows to highs at 327. And stops above the highs at 390. I am expecting at least 1:1 from this trade.
NFLX has rejected 380-385 key level multiple times and now expecting a correction.
Comment: NFLX had 10% drop because of the earnings, I would still expect this to trade 7280-70 as a target
Trade closed manually: I am going to close this trade at entry....,Netflix starting to gain ground above 330, Im not sure it the price action is going to close some of the gap.. So coming out of this trade at entry
Nice idea, but I would wait till earnings to establish a trend.
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