I think that current weakness in the technology sector, as you can see in the QQQ (Nasdaq ETF), might drag Netflix down a bit further.
I think this that would present a relatively low risk long entry in the 315-325 support zone. Your stop loss would be around 300-305, and your profit exit is in the 340-350 range. This is a RR (Risk Reward) of 1 or 2 depending on where you buy and where your profit exit is.
I think this that would present a relatively low risk long entry in the 315-325 support zone. Your stop loss would be around 300-305, and your profit exit is in the 340-350 range. This is a RR (Risk Reward) of 1 or 2 depending on where you buy and where your profit exit is.
Comment:
Unfortunately, you would have been stopped out today for a loss.