NFLX - Watching for Long Entry March 2020
THIS IS NOT READY FOR ENTRY IMO
NFLX looks to be headed down while it fills this consolidation wedge.
This Weekly view shows the next trend is bearish.
I would need to see 1-2 more weeks of time, or cross of the MA to enter bearish.
I would prefer to wait for bullish entry here around March 2020 (more room to run).
I will keep an eye on this and update as things develop - Update around March if not earlier.
I have no active position currently in NFLX.
NFLX was downgraded this morning but still has a 23% average upside analyst target - marketbeat.com/stocks/NASDAQ/NFLX/price-target/
This is what drew my attention - the downgrade.
I will update if we break the 10WeekMA, break downtrend, or get to March 2020.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
NFLX looks to be headed down while it fills this consolidation wedge.
This Weekly view shows the next trend is bearish.
I would need to see 1-2 more weeks of time, or cross of the MA to enter bearish.
I would prefer to wait for bullish entry here around March 2020 (more room to run).
I will keep an eye on this and update as things develop - Update around March if not earlier.
I have no active position currently in NFLX.
NFLX was downgraded this morning but still has a 23% average upside analyst target - marketbeat.com/stocks/NASDAQ/NFLX/price-target/
This is what drew my attention - the downgrade.
I will update if we break the 10WeekMA, break downtrend, or get to March 2020.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
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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.
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.