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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