NFLX
GOOG/AAPL spread reached all time lows! Correction expected!After AAPL reported strong earning; and announced the 4:1 split, incoming volume has drove share prices to all time highs. Its possible money is flowing out of certain tech(Goog,Nflx,ZM) and into this beast. This move does however look exaggerated. Looking for the spread to test $5 again, at the very least, $4.
NFLX:Gap fill up incoming?NFLX looking very very interesting, stochastics looking bullish, bounce off of support and TL, looks pretty good for gap fill to 523 this week with short term pt of 503.Think its safe to say that i'm bull on this one hahah. Any feedback is appeciated,happy trading and stay green!
TSLA volatility income!This equity has had plenty of time to consolidate at near the physiological support of $1,500. Descending wedge pattern and negative RSI divergence insinuates that a correction to the $1,300 could be seen this week. However, with price action supporting the current level very strong the last 2 weeks; a test to $1,650 is well within the range of possibilities. Regardless, volatility is to be expected. Straddles look objectively cheap with the current IV. Food for thought!
Netflix (NFLX), Setup: BUY, TF: H4TRADE SETUP
Added on Aug. 4 as stock moved past high of Aug. 3.
Entry at 505.90.
BUY ZONE => $503.09 - $513.15
STOP LOSS
Stop loss at close below Aug. 3 low (490.23) or first decisive close below 5-day moving average line.
GOAL
5% to 10% profit goal (531.2 - 556.49) or first decisive close below 5-day moving average line.
E
ARNINGS DUE DATE
Oct 16, 2020 Estimated