** Comments and Likes are appreciated; New Subscribers are Hollywood's A-list class! **
What I see...
:: With the COVID-19 situation, I do not foresee the the cinemas will resume business anytime soon. NetFlix will be providing folks with entertainment from the comfort and safety of their own home!
+ Stock dipped below 10MA back in late April and bounced back strongly all the towards its all-time high
+ Stock tested all-time high today but got pulled back
+ Prices further supported by the rising trend line
+ MACD has just crossed upward but flat
+ Bollinger Band is tightened
+ RSI is in bullish territory at 65
- RSI appears to be turning downward
- Prices got pulled a bit far from the 10ma
- All-time high continues to play as Resistanc
What I setup...
+ Long entry above Resistance
- Stop at last week's Low
+ Target at 1.618 Fib
:: Duration - weeks to months
What I see...
:: With the COVID-19 situation, I do not foresee the the cinemas will resume business anytime soon. NetFlix will be providing folks with entertainment from the comfort and safety of their own home!
+ Stock dipped below 10MA back in late April and bounced back strongly all the towards its all-time high
+ Stock tested all-time high today but got pulled back
+ Prices further supported by the rising trend line
+ MACD has just crossed upward but flat
+ Bollinger Band is tightened
+ RSI is in bullish territory at 65
- RSI appears to be turning downward
- Prices got pulled a bit far from the 10ma
- All-time high continues to play as Resistanc
What I setup...
+ Long entry above Resistance
- Stop at last week's Low
+ Target at 1.618 Fib
:: Duration - weeks to months
Trade active
Setup triggered; Long positionTrade closed: stop reached
Stopped out today @ -0.97R
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.
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.