High Probability Setup in NFLX

in #money • 7 years ago

NFLX_6_15_17.png

Despite the recent tech/beta sell off, Netlifx is at a crucial zone technically. If the market breaks down hard this setup would be null, but on a hold Netflix is setup to bounce with limited risk from today's low.

TN Trader

#trading #stocks
7 years ago in #money by
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     7 years ago 

    Thanks for the charts and it does look like an interesting price level. What worries me is the fundamentals though.

    People around me have been canceling their subscription and saying the new lineup isn't good.

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     7 years ago 

    Nice post!

    I see $NFLX correction lasting a little longer. This weekly chart shows sentiment isnt bearish enough.

    On the daily chart, I see a small bounce possibly before the next wave down.

    ABC wave down

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       7 years ago 

      Thanks for the info tennesseetrader.

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