Clicky

Additional Price Target Added to NFLX Trade

In light of today's breakdown in QQQ (of which NFLX is a component) & the leading FAAMG stocks as well as the impulsive breakdown in NFLX, with the stock dropping as much a 5% since the entry earlier today, an additional price target has been added, T2 at 148.20. Previous & updated 60-minute & daily charts:

0
Jun 9, 2017 1:58pm|Categories: Completed Trades - Short|Tags: |2 Comments

2 Comments

  1. Dazi June 9, 2017 3:30 pm at 3:30 pm

    Glad you’ve added additional target for NFLX and hope the breakdown continues. I profited on some today, then shorted again with its try at recovery.

    0

    • rsotc June 9, 2017 3:53 pm at 3:53 pm

      Dazi, shortly after posting the setup & entry on NFLX this morning, I added a 10-year weekly chart with some longer-term downside targets in the comment section below. At this time, my preferred long-term swing target is the T2 level on that chart which is over 50% below where it was shorted today.

      0

Leave A Comment