NFLX Short Setup

195 3
After Friday's all time record breaking high on the SPX , NFLX showed significant weakness. I expect the recent upward thrust was over done and should correct back to the .50 fib and .618 levels.

Targets= 205-200, 160-158
looks like a cup and handle
The only issue with the cup and handle here is that we know NFLX has most likely peaked during it's bubble status. I don't see the typical breakout that comes with the cup and handle. I'm short until at least around 200.
I agree on short until 200. Over a longer term, i see it as this ... you could call it cup and handle or double/triple bottom..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out