NFLX (Netflix Inc.) offers an objective short entry on this impulsive breakdown following the divergent high and will be added as an Active Short Trade around current levels. 60-minute chart with the official price targets below.
NFLX 60m May 21st
The current price targets for this trade are T1 at 419.85 and T2 at 393.97 with the potential for additional targets to be added, depending on how the charts of both NFLX and the broad market develop going forward. The suggested stop is 461.70 and the suggested beta adjusted position size is 0.90. Daily chart with some potential swing targets below.