Netflix, Inc.Long
NFLX has chart and financial support! Hastings/ Ackman
Updated
NFLX held technical support and needs to have at least a dead cat bounce if nothing else with a 9 RSI negative macD and stochastics on the violent drop. We should see at least a 15% bounce from Monday's bottom of $356.04 to $409 -$441 a bounce on Fridays close. We have 2 gaps to fill. Wednesday after the bell it was announced Pershing Square's Bill Ackman purchased 3.1 million shares to the tune of $1.1 billion. Friday after the close it was announced CEO Reed Hastings purchased on the open market 51,440 shares to the tune of $20 million. I am seeking a short term bounce not an investment. Good luck!
Trade closed manually
sold my Feb 4th $400 and $420 calls. I believe it'll go higher however 3 more days is too close for comfort. Good luck!
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