Netflix, Inc.
Short
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NFLX- Ascending Wedge Pattern Setting up Bearish SHORT

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NFLX has been in an uptrend and quite bullish and relatively strong

on the 2H chart an ascending wedge pattern is seen.

Moving Averages confirm the present trend as bullish with no crossovers

and the price above all of them.

Given the ascending wedge I will take a small position now at the trendline

resistance as a swing short. I will add to it if/when price breaksdown

below the green trendline support and the fast moving average crosses

the intermediate moving average as well as a line crossover on the MACD

or bearish divergence on a RSI indicator.
Transaction en cours
Put option is up 10@ in early trading today. Risk off stop loss moved to breakeven.

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