Long NFLX opportunity - wait for it.
Remember this is a weekly chart so any trade ideas must allow time. I would look at June or July calls for a swing trade. RSI definitely will not stay down this low; same is true of many other charts.
Be patient - let the stock price come to your entry point. If this stock does not, another one will. Also be ready with a weekly watchlist for good day trade opportunities.
Be patient - let the stock price come to your entry point. If this stock does not, another one will. Also be ready with a weekly watchlist for good day trade opportunities.
Nota
NFLX opened below 165 today and was rapidly bought up for a $14 rise. There is volume support on 5min chart around 169.80 - 169.50. I was watching price action 1:30-2pm EST and if price gets back over 170.30 it may continue. If you missed the morning entry this is a good time to do an end of day daytrade or buy swing calls (safer) with an exit below 169, 167.95.Nota
The stops I provided yesterday were "safety exits" if your position is too large or you are less confident in the trade idea. With the volatility, I can hold through a larger counter-trade move if I keep small positions.My afternoon day trade calls yesterday gave about 39% profit. I bought swing calls when price was under 168 and will sell them today.
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.
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.