NFLX has been resilient and remaining near ATH which not surprising with Sugar P's infinite money glitch. However, all good things come to an end, and I think a correction is in the works. Since the market doesn't give a cat's behind about fundamentals we'll ignore those for now.
You can see that it's presenting a very valid (IMO) head & shoulders pattern on the daily while up here at a high valuation. MACD is crossing to the upside here, so you should watch this before taking a short position, it may run up a bit more this week. In addition, if this breaks 460 the H&S pattern would be invalidated.
I like the 7/17 380p at this time as there is a strong demand zone on the daily around the 375 area. Daily supply and demand takes a bit to play out, but we could get some acceleration after OPEX if the market turns down a bit.
You can see that it's presenting a very valid (IMO) head & shoulders pattern on the daily while up here at a high valuation. MACD is crossing to the upside here, so you should watch this before taking a short position, it may run up a bit more this week. In addition, if this breaks 460 the H&S pattern would be invalidated.
I like the 7/17 380p at this time as there is a strong demand zone on the daily around the 375 area. Daily supply and demand takes a bit to play out, but we could get some acceleration after OPEX if the market turns down a bit.
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.