NFLX 65m chart looking very bearish, following SPY bearish price action nicely. On a break of the uptrend or failing the .382 retracement level, should see a decent pullback. This is to be expected after the nice falling wedge breakout as well.
NFLX
NFLXNota
Current trade of mine. I played the bull side on the breakout of the Falling Wedge and will be entering a bear side trade soon. Tried to use better data callouts so it was easier to read.Chart Event: Bearish RSI-MACD Hidden Divergence on the 65m chart.
Confluence: Seems to be consolidating on the 38.2% retracement level representing a zone of resistance. MACD narrowing, RSI in oversold territory.
Trade Idea: Put swings (shorter term)
Contract Suggestions (higher risk):
Best: 4/14/22 365P @ 10.20
Risky: The above is fairly risky. I don't like the volume and open interest on any of the other shorter expiration contracts. However, if one wanted to treat this as essentially a lotto: 4/1/22 370P @ 7.45
Nota
This paid nicely today, trimmed most of my 4/14/22 365 puts @ 14.00Nota
This is no longer in play. Got the move I wanted. Now we may be shifting to a bullish position.
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.