$541.39 was expensive! A temporary bottom at $499.54!
$541.39 was expensive! A temporary bottom at $499.54 on January 6, 2021.
Trade Idea: Short-Term Price Target of $528. A possible retest of $508.05. A retest means that the stock must hold that level or we are looking at the next price at $468.29.
This is a follow up writing in regards to my article on January 2, 2020, "A new high above $541.39 is possible for Netflix Inc NFLX." The link to that article is:
$499.54 is close enough to my initial prediction. "For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price."
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully and do your own research before making an investment and investment is at your own risk.
Trade Idea: Short-Term Price Target of $528. A possible retest of $508.05. A retest means that the stock must hold that level or we are looking at the next price at $468.29.
This is a follow up writing in regards to my article on January 2, 2020, "A new high above $541.39 is possible for Netflix Inc NFLX." The link to that article is:
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully and do your own research before making an investment and investment is at your own risk.
Trade closed: target reached