Netflix, Inc.Short
We Are Out Of NFLX
A few weeks ago, we posted a trade setup idea about Netflix, where we were looking to buy the breakout of this recent consolidation zone. We sold our position this morning on the early surge, because at this price, with these technicals - and with where rates are at, this no longer seems like a compelling opp.
ADX falling, RSI divergence, macro and sector rotation no longer favor this name. We expect to see an AMZN-like breakout+failure into an area that may be interesting more long term.
Original Idea:
ADX falling, RSI divergence, macro and sector rotation no longer favor this name. We expect to see an AMZN-like breakout+failure into an area that may be interesting more long term.
Original Idea:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.