SELL NFLX ???? Why NOT?? First Blue candle since dec 24th!!
Updated
Hi people! In my previous analysis (If you don't sell NFLX now...WHEN?) I pointed out the reversal zone between 330-340. Now we can see the first BLUE candle in a DAILY chart (ELDER inpulse sistem) since DEC 24th after a great 40% profits. Congrats to all people who buy Netflix during Christmas! If I were been a buyer since DEC 24th I wouldn't doubt to take profits now. Finally, we saw the first blue candle yesterday. This means NFLX has lost its magicals greens bars in this area. The BULLs momentum has started to decrease on MACD. Now we are waiting to see if the inertia (EMA13) starts to go down and finally is able to paint the first RED candle in a Daily chart.
I want to be a seller here (in a short term) since this Blue candle is the fisrt sign of a possible market correction. It seems obvious NFLX has to correct the last bull rally the only question is When? We'll see if NFLX is able to continue painting blue candles and finally red candles in daily chart during this week or otherwise is able to break out this area and hold above them.
In any case I want to say that I'm a LONG TERM bull on NETFLIX, only waiting a correction in a short term, days.. some week.
I want to be a seller here (in a short term) since this Blue candle is the fisrt sign of a possible market correction. It seems obvious NFLX has to correct the last bull rally the only question is When? We'll see if NFLX is able to continue painting blue candles and finally red candles in daily chart during this week or otherwise is able to break out this area and hold above them.
In any case I want to say that I'm a LONG TERM bull on NETFLIX, only waiting a correction in a short term, days.. some week.
Note
We are waiting the Earnings report on thursday 17. We were upper than expected yesterday. +55% in less than a month. Has FOMO other definition? I still thinking there will be a hard down very soon, probably on Friday or even tomorrow. In the case the Earnings Report was good for Bulls the pump is already done. We'll see if the prices can go upper today and tomorrow being able to hold above the descending channel. In any case I want to be a BEAR before the thursday close. SELL the NEWS!
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