NASDAQ:NFLX   NETFLIX INC
NFLX             appears to have broken through the 88.58 pivot a few times. Now, it's acting as support. Today is a decent NWS             . If NFLX             breaks through $95.12, could be bullish directionally. This is a buy low / sell high location on NFLX             . The 100 SMA on a weekly is around $79. I didn't mind owning shares before and I don't again.
.75 limit

And again, if you're trading shares or options, looking for a long position down here at support.
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May I ask this means only the price breaking 95.12 that we enter the trade? before that, we wait? Thank you very much.
Shiila
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This potential set up is for a put sale (which you are welcome to get into anytime). The $95.12 entry is "And again, if you're trading shares or options, looking for a long position down here at support.
Update status" from that comment above. : ) Hope this helps!
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shiila Reallifetrading
Thank you very much, I got it!
+1 Reply
WHOO hooo!! : )
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AND YES, if you WANT to wait for the 95.12 trigger to do this trade, that is also quite acceptable. : )
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