Update on Netflix - Bullish Pivot Point

Hey Traders, so last week I talked about how Netflix was nearing a pivot point. Well today, we got the signal that it could be pivoting to the upside. NFLX closed above the lower Keltner Channel band after 6 days of sideways movement. Ideally, this strategy would work its way across the channel to the upper bollinger bands. Let's see how it plays out. Be sure to read the original idea using the link below.
Chart PatternsTechnical IndicatorsLONGNFLXputcreditspreadTrend Analysis

Related publications

Disclaimer