Netflix - Two long entries
Hi traders,
Looking at the daily Netflix chart right here, and see that price is at previous turning points right now. So there is a possibility for traders to enter right now at $ 85.65..
There is also another possible entry at the swing low of February 2016, at a value of $ 80.
Entry, stop and target are based on structure.
-------Trade 1-------
Entry: Current market price [ $ 85.65 ]
Stop: $ 83.35
Target: $ 93.55 = R:RR 3.29
-------Trade 2-------
Entry: $ 80.00
Stop: $ 77.05
Target: $ 93.55
Please note that I do not trade stocks. However, if I would, I would take these trades for sure.
Looking at the daily Netflix chart right here, and see that price is at previous turning points right now. So there is a possibility for traders to enter right now at $ 85.65..
There is also another possible entry at the swing low of February 2016, at a value of $ 80.
Entry, stop and target are based on structure.
-------Trade 1-------
Entry: Current market price [ $ 85.65 ]
Stop: $ 83.35
Target: $ 93.55 = R:RR 3.29
-------Trade 2-------
Entry: $ 80.00
Stop: $ 77.05
Target: $ 93.55
Please note that I do not trade stocks. However, if I would, I would take these trades for sure.
Trade active
Trade closed: target reached
Note
The other order [Trade 2] is still valid.
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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.
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.