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JanDeus
Sep 13, 2021 12:16 PM

Bear, Netflix  Short

Netflix, Inc.NASDAQ

Description

Outbreak from zone but touched the resistance level in up trending channel and fell. Extremely overbought and lost momentum, looking at the price as well as RSI and MACD indicators. It is also a short-bet on Nasdaq 100. Entry 602, Target 560/ 520, Stop 617. Bear.

Comment

closed position
Comments
wesreal
If Nflx comes out on the high and the VIX stays over 18.5. nflx should drop to $580 or lower.
Babaahmad
on the same boat with you mate
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