Netflix, Inc.Long
$NFLX Short Term Target: $230
Onward, to the trend line!
Stock is reacting to an inverse fibonacci level which has traded sideways the last several weeks, and is now pumping to a major trend line.
$230 is where I'd expect to see some selling. The lower fibonacci level from there is a certainly a possibility so holding beyond $230 for me seems risky, knowing this trend line could easily reject the price.
*Not trading advice.
Stock is reacting to an inverse fibonacci level which has traded sideways the last several weeks, and is now pumping to a major trend line.
$230 is where I'd expect to see some selling. The lower fibonacci level from there is a certainly a possibility so holding beyond $230 for me seems risky, knowing this trend line could easily reject the price.
*Not trading advice.
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