TrueTraderOfficial

Sunday Prep 10/3 - $NFLX Beastmode Since the Breakout

Long
NASDAQ:NFLX   Netflix, Inc
Netflix has been on beastmode since we discussed the breakout of the long base. Looks ready for the next leg up after retesting that important 570 level. Would watch for a flush to psychological 600 level to hold. May even buy some calls on this for a month or so out. I think 700 is in the cards if the market can right itself.


Trade active: No longer interested in NFLX at $600 after that strong push Mon morning. Now seeking the 20d SMA
Trade active: Chatroom Relay: Not interested in buying $600 on $NFLX, especially after that opening push. Now setting an alert at 20D SMA, may possibly revisit at that spot.