Long at support.

197 6
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. =)
Still holding that level, very nice :)
+1 Antworten
Daniel.B moneymaking
Haha yea it has. If we don't get a bullish gap at the market open then I'll probably get stopped out unfortunately. All we can do now is hold fast and learn from the ride! =)
+1 Antworten
moneymaking Daniel.B
That's right. All depends where the futures point to in the morning. All the BEST from me :)
+1 Antworten
Daniel.B moneymaking
Yep, thanks man appreciate it! =)
+1 Antworten
moneymaking Daniel.B
Your Welcome :)
Very nice mate. Stocks look bullish to me, at least for now. Let's hope oil doesn't ruin everything. All the BEST :)
+1 Antworten
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