Price of Netflix has reached the top in MACD , I expect the price to fall and reach 252$ mark soon.
Low volume is indicated so it is most likely to fall.
Go for short after break out.
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NFLX can down -35%?
I am wipe out and you?
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Shares of Netflix Inc. NFLX, -23.32% plummeted 19.6% in premarket trading Friday, as the streaming-video service's disappointing outlook overnight prompted a number of Wall Street analysts to cut their ratings, but at least one analyst said the selloff appears "overcooked." Benchmark's Matthew...
Actually i have short position from 420 which is starting point of C in my Bullish Bat Pattern. However, i took my position because of daily price action. As you can see A and C points are closing points of daily candle and it clearly says us to short it.
I will close most of my position at 380 but short position can continue till reach 356.
In a nutshell, i am...
