NFLX shark harmonic

7月14日

NFLX daily chart is showing a bullish shark harmonic, with the entry point at D corresponding to the critical daily 50 SMA. The first profit target at B corresponds to the daily 34 EMA, and the second target at C corresponds to the daily upper Bollinger Band. NFLX starts off the QQQ earnings season, and reports after market close on Thursday.

7月18日

交易结束：到达目标

NFLX provided a 22/share return on a 3/share risk earlier this week, before selling back off with general QQQ weakness. Trade closed after first target reached and will reassess after the earnings report this afternoon.