Here we are looking at NFLX on the Daily TF…
As you can see, Netflix has broken down from its previous macro support (blue), and retraced back to the scene of the crime. Currently, it is re-testing this very same previous support as newfound resistance.
While I can’t suggest how YOU should trade it, this certainly appears to me as a VERY strong short set up (not financial advice).
We will continue to monitor this chart and see how it reacts to this level. Stay tuned to make sure you don’t miss any timely updates…
What do you think will happen? Let us know in the comments!
Cheers!
As you can see, Netflix has broken down from its previous macro support (blue), and retraced back to the scene of the crime. Currently, it is re-testing this very same previous support as newfound resistance.
While I can’t suggest how YOU should trade it, this certainly appears to me as a VERY strong short set up (not financial advice).
We will continue to monitor this chart and see how it reacts to this level. Stay tuned to make sure you don’t miss any timely updates…
What do you think will happen? Let us know in the comments!
Cheers!
Get trade alerts with exact entries and exits + daily videos with deep dive technical analysis on stocks, crypto, commodities and options. Find these at VerifiedInvesting.com
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Get trade alerts with exact entries and exits + daily videos with deep dive technical analysis on stocks, crypto, commodities and options. Find these at VerifiedInvesting.com
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.