NETFLIX (NFLX): slowstoch is oversold and the stock formed a pin
Updated
NETFLIX (NFLX): slowstoch is oversold and yesterday the stock formed a pin bar.
Title is coming from a 6 consecutive loosing days and slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 75!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
Title is coming from a 6 consecutive loosing days and slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 75!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
Trade active
First TP at 310 reached SL moved at 310, now the trade is at zero risk
Note
Next target at 325.22
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.