NFLX (Netflix Inc) continued to offer an objective short entry up to the top of the shorting zone, including trading over the previous two sessions, where I stated would be a “great level” to short it in Monday’s Trade Ideas video.
Netflix has hit the first price target from Monday’s video for a quick 10% drop in the pre-mkt session, where I favor a tradable bounce before the next leg down. I also revised the 2nd price target (just above the 90.70ish support level) since Monday’s video in the updated chart below, with the white candlestick showing today’s pre-market trades. Previous (a screenshot from Monday’s video) & updated daily charts below..
NFLX screenshot April 13th
NFLX daily April 17th
Again, my preference is to take the quick profits and wait for an objective re-entry (TBD), at this time.