NFLX (Netflix Inc.) offers an objective short entry on this rally back to the 387.33 resistance level & just shy of a backtest of the uptrend line following today’s breakdown as per the 60-minute chart below:
NFLX 60-min July 17th
Price targets are listed on the daily chart below with T1 at 341.60, T2 at 284.20 & T3 at 250.40. The maximum suggested stop, for those targeting T3, is a daily close above 434.00. The suggested beta-adjusted position size for this trade is 0.9.
NFLX daily July 17th