Top 5 Weekly Trade Ideas #3 | NFLX Bull Flag
Third bull flag in a row, they're everywhere right now. This one is a little different than RKT and Silver IMO because it's a tech stock. I'm not convinced tech is going to be bullish after this week, but if NFLX breaks out of this bull flag and makes a new ATH I'd have to expect more upside after.
This started developing during the first week of August so it may take some time to hit the final target, but it'll be a blue sky setup. I'd be targeting 800, which is near the flag pole length from the breakout point and is a psychological whole number.
This started developing during the first week of August so it may take some time to hit the final target, but it'll be a blue sky setup. I'd be targeting 800, which is near the flag pole length from the breakout point and is a psychological whole number.
Note
Finally got the break and new ATH. Blue skies from here. Bulls need to defend the 700 area, I'd remain bullish until it falls back below.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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Disclaimer
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