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skandha1986
Aug 17, 2023 1:36 PM

NETFLIX – Head n Shoulder breakdown – 16% downside potential Short

Netflix, Inc.NASDAQ

Description

NetFlix has given Head and Shoulder pattern break down from 412 support zone.
Target: 385, 348
SL: Hrly candle close above 418
Note: Head and shoulder pattern usually indicates trend reversal pattern, so better avoid longs unless it reclaims 445 levels.

Trade closed: stop reached

SL hit :(
Comments
skandha1986
Not sure about individual IT stocks in US, but overall Nasdaq and DJ charts look weak, and may go into bear market soon, so may these stocks.
This is just my personal view and I have right to be wrong 😀
Xyz102sam
Your target was reached in Oct, what do you think about Tesla and other IT stocks like Google, Amazon and Microsoft
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