Looking for NFLX to hit $295.05 for entry. We have several factors telling us this is a great buy area for a SHORT TERM bounce to $336.00 level. (.618 retrace and a measured move.) Gap fill is just below around $285.00. We could tag that gap first, if so, i'll add to my position there. Watch the overall market, SPY should have another leg up before the next move down. Hoping for this action to play out next week.
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I added a small amount to my position at $284.00.
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stop will be a daily close below double bottom
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Still non close below October low. Looks like a we could see a great reversal day, that shows us a short term bottom is n place. My AVG price is $289.12. I may add to my position around the close today if we are still looking like a low is in place by then.
Trade closed manually:
NFLX closed below oct. low briefly and I held the position into support, added a full position at $265.00 closing here. Not going to let this guy go against me again. Next support is around $227.00 level. on the daily.