mazoto

NFLX NASDAQ: Correction or continuation of large growth?

Short
NASDAQ:NFLX   Netflix, Inc
NASDAQ:NFLX

My chart shows me that NFLX should be corrected soon. In case of successful penetration of MA, which acts as a support, we will move in a downward movement. At the moment, my idea is supported by my NYA Sequential indicator, which is based on the Thomas DeMark Sequential indicator. In addition to my own indicator, my thought confirms Stoch RSI .

The idea is quite risky, since a small increase can continue and it will be followed by a fall, the main thing here is to set the stop loss correctly. I remind you that I do not give financial recommendations, everything that I publish is my opinion and my thoughts. Wish you luck!
Trade closed: target reached: We closed the position with a very small profit. Good luck!

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