Interesting outlier for FANGs
- Price is flirting with a 4/5 Month Trendline (pink line)
- Price has already broken a 3 Month Trendline (blue line)
-Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318
- if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought
Counter argument:
- BTFD
- Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
- Price is flirting with a 4/5 Month Trendline (pink line)
- Price has already broken a 3 Month Trendline (blue line)
-Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318
- if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought
Counter argument:
- BTFD
- Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
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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.
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.