The stock has been following a very good trend lately and it is likely to give 13%+ returns within two trading weeks. Stop loss would be the point where trendline will break and a strict stop loss of 492 otherwise.
Looking like a nice lil possible triple top coming thru before heading south to home base it at 50DMA and other trend support in the purple box.
Then we need to try and go way beyond beds and even beyond that overhead downtrend channel in red, that’ll be the moment of truth if we make it out of the downtrend cycle.
If it doesn’t it’ll be onwards to check out...
A slight change in the up trend can be seen soon as strength has seeing a divergence. Looking shorty 💯 with an estimated trgt of 6-9% in coming weeks or so.
Trend is our friend, waiting for the confirmation of the momentum.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
NFLX has been stale, like predicted, since May-June. We all want to see subscriber growth and the long term plan for taking over TV. With such high valuation, the stock needs to perform. I recommend waiting until earnings to make a decision, but if you are a big risk, big reward type of investor...if you feel confident, now may be the time to strike.
For the first time in 8 months, it looks like FB is about to pop. All signs point to the positive. the CMF shows the outward flow of money has bottomed and it curling back up, its breaking its downward channel and compared to its peers, its holding up well.