With internet video consumption increasing Netflix is in a pretty strong position with only potential positive news that can prop it up. Therefore a market wide tech dip is an opportunity for a short term trade to go long and sell at the previous high
Trade closed: target reached
Removed my original TP because Goldman Sachs released a super bullish report increased its price target to $490 from $390. It was the sentiment of the report and not the price target that made me remove the TP with a target to close before the day ended. My closing price was 375.194 for a sweet 5.6k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.