$NFLX appears to be reversing off of established support

Panjang

Netflix, Inc. (NASDAQ:NFLX)

Telah dikemas kini

NASDAQ:NFLX Netflix, Inc.

Netflix's last earnings report definitely led to some insane price action, but the dust seems to be settling now. It looks like Netflix has found its way back down to its latest strong support zone, and in doing so, has formed a falling wedge. I entered this trade today with a stop @ $330, which I've identified as a zone that would break the current upward channel.

Komen:

RSI downtrend has been broken. NFLX is a full blown buy here in my book.

Komen:

I think its worth mentioning that with the VIX nearing its yearly low's, any position should be smaller than normal, or hedged.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.