Netflix levels and FANGs
Interesting outlier for FANGs
- Price is flirting with a 4/5 Month Trendline (pink line)
- Price has already broken a 3 Month Trendline (blue line)
-Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318
- if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought
Counter argument:
- BTFD
- Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
- Price is flirting with a 4/5 Month Trendline (pink line)
- Price has already broken a 3 Month Trendline (blue line)
-Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318
- if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought
Counter argument:
- BTFD
- Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
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