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Fibonaccibounce

INBS pumped on earnings crush= Watching for LONG maybeINBS crush earnings and went parabolic on an earnings beat. Basically, revenues fell but with belt-tightening and good CEO actions it bled less cash than expected. The tourniquet is working. The post-earnings pump was followed by a flush to the mid-Fib 0.5 support. Trader's got their reward and called it a weekend before lunch. The chop index fell into the consolidation zone and the MACD turned bearish. See the 5 minute chart image inserted to the left. The RSI lines are about 50 maybe with a crossdown impending. I have this on watch for a reversal up. Much will depend on general market strength on Monday. Biotechnology is projected as a hot sector now. This stock was among the hottest of the day. Hoping for a bullish continuation knowing that a trend down is likewise possible.
NASDAQ:INBS
by AwesomeAvani
2
NFLX setting up Fib retracement level bounce LONGNFLX up trended starting June 1st through an upper long term anchored VWAP to the next higher VWAP line coinciding with earnings. NFLX dropped after good earnings probably because investors expected even better. On the 30 minute chart, NFLX has more or less completed a 45-55% retracement of that trend up and is now sitting on the VWAP line that it crossed back in early June. Volumes are decent above their moving average. The zero-lag shows a line cross under the histogram which just converted to positive. I analyze this as suitable for a long entry targeting that higher VWAP band line at 495 with a stop loss at 415, the recent pivot low. I will take both a stock trade of 10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits from smaller positions in the same time frame . This looks like another opportunity.
NASDAQ:NFLXLong
by AwesomeAvani