Well the opportunity to go long NFLX presented itself once again. It's a pretty cut and dry simple trade. Selling volume has been drying up the past few days. My favorite candles are the ones dated 1/20/16 & 1/27/16, the reason being is the spike in selling volume without the follow through in the 1/20/16 candle, and the large bodied 1/27/16 bearish candle without the unusually large sell volume to accompany. Those are the reasons behind the trade along it being at support.
Lets see how it goes, because this is raw speculation and price is below the 200 Moving Average hence the larger stop loss orders.
Note: Upon reaching the first long target, stops will be moved to break even.
Happy trading traders. =)
Lets see how it goes, because this is raw speculation and price is below the 200 Moving Average hence the larger stop loss orders.
Note: Upon reaching the first long target, stops will be moved to break even.
Happy trading traders. =)