Netflix, Inc.
已更新

Netflix Overbought and Facing Resistance

525
Netflix NFLX

EARNINGS RELEASE TODAY (AFTER THE CLOSE)

Entry Pending Until:
- Break above overhead resistance, making it support
- A revisit of the 200 Day SMA
- In both, tight stop required

We are currently oversold on the RSI and whilst the stock could remain oversold for weeks the last 2 times we reached this exact RSI level we were rejected. For this reason I see no reason to be rushing into this trade. If you put on a trade you need a tight tight stop loss.

The head and shoulders pattern could take another year to play out. For the moment I am focused on the immediate resistance overhead, the overbought RSI signal and the 200 SMA.

Its amazing we don't see more Netflix in feeds, we are up 200% over the past 12 month period.

Hope this helps anyone trying to build a structure of the chart for a potential play.

PUKA
注释
Netflix has bounced off the 200 week SMA....

You could enter here with a tight stop.

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