Adding to my long position in NFLX on Wednesday

29 Kas 2017

NFLX is printing a bullish engulfing candlestick price bar right off its uptrending 50 DMA on heavier above average volume with my momentum/trending oscillators confirming the price move. I am adding to my NFLX long position on Wednesday using a limit order (GTC-BUY-LMT) @ 199.68. I will have two trailing sell stops (GTC-SELL-STP) @ 193.62 and 189.49 to protect my initial invested capital in case NFLX does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from July '16 - October '17.