NETFLIX (NFLX): slowstoch is oversold and the stock formed a pin
NETFLIX (NFLX): slowstoch is oversold and yesterday the stock formed a pin bar.
Title is coming from a 6 consecutive loosing days and slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 75!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
Title is coming from a 6 consecutive loosing days and slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 75!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
Trade active:
First TP at 310 reached
SL moved at 310, now the trade is at zero risk
SL moved at 310, now the trade is at zero risk
Comment:
Next target at 325.22