NFLX NOT A BUY YET! where is the near term bottom?
Today's low was $211.52. I do not believe the bottom is in yet. Next level of support is around $196.00. I will likely start buying at $205 and adding every $5 below. Looking for a bounce on NFLX to $230-245 range once bottom is in. NFLX blew right through my $267 support and next level of $230 support. Tomorrow is options expiration likely not to get a lot of range in tomorrow. Perhaps Monday this will be ripe to start buying for a bounce. NFLX is oversold but can and will go lower.
Note
Friday printed a lower low of $210.05. Don't be fooled, the bottom is not in yet! I'm wary of Fridays with options expiration. For now, I am watching. Any strong rallies are to be sold short on NFLX. The game is over
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.