My technical analysis for NFLX and why I am Bearish on the stock
My thought process/indicators:
1. NFLX has been in a downtrend since DEC/2021
2. Price is rejecting the Parallel Channel
3. TMA-RSI indicator is showing potential divergence
4. Weak support zone at 168.05$
My trading goal (R:S=2)
1. Wait for the price to break below "Consolidation" and ''Support."
2. Wait for closing 4hr candle before shorting
3. Set stop loss at: Consolidation zone ($185)
4. Set Profit target 1: $133
5. Set Profit target 2: $179
As allways, I am open to suggestions and comments, let me know what you think
Cheers and happy trading!
My thought process/indicators:
1. NFLX has been in a downtrend since DEC/2021
2. Price is rejecting the Parallel Channel
3. TMA-RSI indicator is showing potential divergence
4. Weak support zone at 168.05$
My trading goal (R:S=2)
1. Wait for the price to break below "Consolidation" and ''Support."
2. Wait for closing 4hr candle before shorting
3. Set stop loss at: Consolidation zone ($185)
4. Set Profit target 1: $133
5. Set Profit target 2: $179
As allways, I am open to suggestions and comments, let me know what you think
Cheers and happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.