NFLX Daily with 4 MA's and MACD
I spent a few hours on this chart. Not because it was so confusing, but because my newborn son kept distracting me. So I was determined to get this done. Then the more I looked at it, the more I started to like it.
Here is what I am watching:
1) Target price of $530-$575 if it can hold the bottom trendline
2) The biggest concern right now is the moving averages appear to be flipping down. At the ellipse the EMA 15 30 and 50 have all come together.
3) What will this sector as a whole do this coming week?
4) $575 top resistance.
I doubt I enter Tuesday, but this is now on my watchlist for the next few weeks. I am still deciding. Trade your plan!
ONE FINAL THING. I know I haven't interacted with many on here, but I am a big fan of moving averages. And I especially love them when they line up perfectly on trend lines like the bottom. 200MA is always a good place to start.
NFLX
Here is what I am watching:
1) Target price of $530-$575 if it can hold the bottom trendline
2) The biggest concern right now is the moving averages appear to be flipping down. At the ellipse the EMA 15 30 and 50 have all come together.
3) What will this sector as a whole do this coming week?
4) $575 top resistance.
I doubt I enter Tuesday, but this is now on my watchlist for the next few weeks. I am still deciding. Trade your plan!
ONE FINAL THING. I know I haven't interacted with many on here, but I am a big fan of moving averages. And I especially love them when they line up perfectly on trend lines like the bottom. 200MA is always a good place to start.
NFLX
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