Netflix 
NFLX
EARNINGS RELEASE TODAY (AFTER THE CLOSE)
Entry Pending Until:
- Break above overhead resistance, making it support
- A revisit of the 200 Day SMA
- In both, tight stop required
We are currently oversold on the RSI and whilst the stock could remain oversold for weeks the last 2 times we reached this exact RSI level we were rejected. For this reason I see no reason to be rushing into this trade. If you put on a trade you need a tight tight stop loss.
The head and shoulders pattern could take another year to play out. For the moment I am focused on the immediate resistance overhead, the overbought RSI signal and the 200 SMA.
Its amazing we don't see more Netflix in feeds, we are up 200% over the past 12 month period.
Hope this helps anyone trying to build a structure of the chart for a potential play.
PUKA
NFLX EARNINGS RELEASE TODAY (AFTER THE CLOSE)
Entry Pending Until:
- Break above overhead resistance, making it support
- A revisit of the 200 Day SMA
- In both, tight stop required
We are currently oversold on the RSI and whilst the stock could remain oversold for weeks the last 2 times we reached this exact RSI level we were rejected. For this reason I see no reason to be rushing into this trade. If you put on a trade you need a tight tight stop loss.
The head and shoulders pattern could take another year to play out. For the moment I am focused on the immediate resistance overhead, the overbought RSI signal and the 200 SMA.
Its amazing we don't see more Netflix in feeds, we are up 200% over the past 12 month period.
Hope this helps anyone trying to build a structure of the chart for a potential play.
PUKA
Nota
Netflix has bounced off the 200 week SMA.... You could enter here with a tight stop.
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.