I have kept an eye out on this chart for the last month. I see a head and shoulder on the Month & Week chart. If NFLX has an amazing earnings... expect a celebration. I heard a guru say that successful companies who deliver will be rewarded; which means we also can be rewarded. I have my levels marked off. Do you?
I'll post my day chart after market close Thurs and be tuned into the earnings call. If it's a win and the "macro environment" keeps NFLX down, let's track the wins for when the time comes to get that arrears.
I'll post my day chart after market close Thurs and be tuned into the earnings call. If it's a win and the "macro environment" keeps NFLX down, let's track the wins for when the time comes to get that arrears.
Note
invst.ly/1a1jtnNote
as anticipated, weekend drama brewed and the pop on NFLX did not hold. I do think that if a moment occurs for a pop in the market (decreased VIX), NFLX will rally. 1005-1010 target this week. 1050-1065 next week. i will take a small position if I see a reversal candle/pattern on 15min -30 chart (pin bar/hammer wick, double bottom, piercing, engulfing etc.). I am betting that 950 is our stop loss.Note
maybe 975 if that opportunity presents itself by Tues morning. Reminder... TSLA earnings Tues after market. That's a caution to me.Note
seems like short term support is being built after earnings. a pump and sell off every day. what's interesting to me is that NFLX didn't pump on Trump's midnight manipulation post. keep watching that daily volume. mark the levels of S/R and have a play. played monday close with a tight stop loss at 970. took profit within 1st hour pump tuesday morning. if we get a pullback to 995-1000, i will play to 1100. feeling like this week will be a great deal of digestion still (with TSLA pumping on yet another quarter of negative results). that's another post. watching for intraday exhaustion on huge moves.
tootles
Mommy Miles :)
Mommy Miles :)
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tootles
Mommy Miles :)
Mommy Miles :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.