NFLX shark harmonic

By DMT_Doctor
Updated
NFLX daily chart is showing a bullish shark harmonic, with the entry point at D corresponding to the critical daily 50 SMA. The first profit target at B corresponds to the daily 34 EMA, and the second target at C corresponds to the daily upper Bollinger Band. NFLX starts off the QQQ earnings season, and reports after market close on Thursday. snapshot
Trade closed: target reached
NFLX provided a 22/share return on a 3/share risk earlier this week, before selling back off with general QQQ weakness. Trade closed after first target reached and will reassess after the earnings report this afternoon.
earningsseasonMoving AveragesNFLXnflxlongQQQSharkSupply and Demand
DMT_Doctor

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