Good long opportunity in Netflix
Diupdate
With the recent recovery from 
NDX from in the last 2-3 days, i would like to go long if NDX breaks out from its trendline.
NFLX is an attractive option as i believe we can get a 1:2.5 approx long trade here with a possible 16% upside. Since last year we have seen a higher high higher low trend which is again trsting its new higher low as it is being supported by the volumes near the 50-100-200 DMA near this price level. I would like to go long if NDX breaks out on NFLX with a SL below the DMAs.
All eyes ofNDX and NFLX for a good RR swing trade.
NDX from in the last 2-3 days, i would like to go long if NDX breaks out from its trendline. NFLX is an attractive option as i believe we can get a 1:2.5 approx long trade here with a possible 16% upside. Since last year we have seen a higher high higher low trend which is again trsting its new higher low as it is being supported by the volumes near the 50-100-200 DMA near this price level. I would like to go long if NDX breaks out on NFLX with a SL below the DMAs. All eyes of
NDX and NFLX for a good RR swing trade.Catatan
Still waiting for entry in Netflix, Nasdaq has shown neutral to positive strength but Netflix is down around 3%-4%. Still waiting for the trigger.Order dibatalkan
Netflix broke its support trendline, and is trading below DMA's since two days, signs of weaknesses and also market news is against the media companies. Would avoid entering into netflix now
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