NFLX has 2 potential support points (located where the blue arrows are) around 284.30. Personally, I do not think that they are very strong supports. But then for the short-term, they should serve as a potential take profit point. Place your stops above the high of the last candle, in which event, price would form a candlestick reversal pattern.
Comment:
NFLX opened near the stop price and thus a trade should be entered (given that we won't have a reversal pattern since it is not continuous from the previous close). The proper stop should be >312.
Trade closed: stop reached:
Stopped.
Trade closed: target reached:
Target reached.
