came out with their bullish article on this stock. Frankly, I can't stand the motley fool, and I marked this for some reason, just to test my theory.
I cant even find the article now. My point is this, when those guys make a call, do the opposite, you'll not be dissapointed.
Really, if you're not having fun, who cares?
1. Potential head and shoulders reversal pattern
2. Divergence on the MACd
3. Tripple top on RSI
4. Large pools of liquidity lower to be taken out
5. I want a new lambo.
You know, if you trade part time, on the side, like myself... there's no need to constantly be in and out of trades, it's just too much work.
Take a macro view, step back, understand that if you're not an expert, you don't want to be playing stops too close to the chest, and try to enjoy yourself.
Manage your rist, choose your stratagy, and stick to it.
The chart does the talking.
As always, the percentile chance of this playing out is probably somewhere around 60% Thus, never take anything I say as gospel. that's just not how the trading world works.
Full disclosure, I am rebuilding a net long position, and starting to close shorts, as we come down. The reason I'm starting to close shorts is simple, we could...
I can't seem to find any good news anywhere, it's all bearish, Yay. When I can't find any good news, that little contrarian voice in my head makes me wonder, just a bit ;)
Now, obviously we can go lower, as indicated by almost everybody at the moment, there is not shortage of takes on that, but what about a move to the upside? what would that look like?
We can see from the Weekly timeframe, that this crash in $NFLX is heading towards some substantial resistance, in the form of moving averages and previous highs / breakout highs.
You could perhaps (on the indication of reversal, on the 4H chart) take a long (leap) play, in light of the fact, that this drop was so substantial, we cannot have that much further...