Neutral. Weekly Bearish Divergence is Compelling.

22 Ağu 2020

Although NFLX formed a double bottom on the daily, the right trough is lower than the left, which gives me a slightly bearish indication. In addition, the weekly chart, shown below depicts bearish momentum and a bearish MACD. At the same time, the daily chart indicates bullish momentum and a bullish MACD. Conflict! In cases like this, the smaller timeframes react faster than the longer timeframes, which means that a bullish outlook has the advantage. However, the weekly chart is compelling.

If price breaks outside the red channel, the target prices are marked in blue on the charts.

Happy Trading!

Weekly Chart

26 Ağu 2020

Not

NFLX broke channel resistance. Target: $535.

26 Ağu 2020

İşlem aktif

BTO 9/18 NFLX $550 C

26 Ağu 2020

Not

Target Reached. New Target: $575.

26 Ağu 2020

İşlem kapandı: hedefe ulaştı

STC BTO 9/18 NFLX $550 C
P/L: 100%

26 Ağu 2020

İşlem aktif

BTO 9/18 NFLX $600 C

26 Ağu 2020

İşlem elle kapatılmış

Created new idea, with new price target, and new trade.