Earnings Push With earnings coming up there's no doubt for traders to buy NFLX and expect to make some big returns based off of a solid earnings report as Netflix is most likely doing exceptionally well during these interesting times.
Aside from the fundamentals, I want to dive deep into some technical analysis.
If you have been following long enough you know I love candles and that I can find trends, highs, lows, price movements, floors, and ceilings. Of course I am not perfect and have made plenty of mistakes but over all I am still maintaining my 90% accuracy rating or $1000 lost for every $10000 I make.
It is not about my credibility though, it is about the signals and divergence that show where the price is heading and as you can see the MACD is showing a decrease in bear strength while D+ is showing an increase in bull strength.
There are also 2 buy signals for the 3x confirm that is also very accurate.
My plan is to buy a call or two Monday 1.11.21 for NFLX to hit a strike price of $525 by 1.15.21
Ultimately I do not want to hold all week, I plan on buying in Monday and selling Tuesday or Wednesday. The sooner the better!
Follow to keep tabs on this chart & see my trade activity
Comment your thoughts below and if you would like one of your stocks analyzed, shoot me a PM.
Happy Trading and lets make some big $$ this year!
