Netflix, Inc.Long
NFLX - Pop and Fade
NFLX has received a mix of upgrades and downgrades over the last few trading sessions. Although NFLX received a downgrade today the intraday trading showed a "Pop and Fade" very similar (but weaker) than the one we had with the upgrade on Thursday.
While I hesitate to call this pattern predictive, it is an interesting and potentially profitable pattern if it continues to show up. It would be neat if we keep repeating this and slowly net ~ 2% per week!
In the intraday, if you miss the Pop, roll over and enjoy the Fade. But I am still long-term bullish on NFLX
While I hesitate to call this pattern predictive, it is an interesting and potentially profitable pattern if it continues to show up. It would be neat if we keep repeating this and slowly net ~ 2% per week!
In the intraday, if you miss the Pop, roll over and enjoy the Fade. But I am still long-term bullish on NFLX
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