Although NFLX is red hot and had to cool off with wild swings and high volatility, this stock has just completed some technical moves that generally lead to large price increases. Today was a big indication of what is to come. Bullish cloud, bullish TK recross with price above the cloud. Lagging Span although not on the chart but is also above price. All systems are a go. The weekly chart does look scary however, bear div and large C Clamp with Tenkan and Kijun. I will still play NFLX long for the next week maybe two and re-evaluate, the trend is your friend until the end. BOL with your trades!
Trade closed: target reached
Closed trade the following week on Monday at 325-327 range.
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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.