NFLX is at the support of the POC line LONG

NFLX on a 120 minute chart currently has price sitting on the POC line confluent with the

Fibonacci 0.5 level on the previous trend up that was before the trend down from around

the time of an earnings beat which was a disappointment because traders somehow expected

better. There is been some disappointment about NFLX keeping some of its subscriber trends

private. Not a surprise. Price has put in somewhat of an inverse head and shoulders or triple

bottom. The Lux Algo forecasting indicator expects a move up. I will take a long trade here.

I believe that this is a buyable dip.

Commentaire:

NFLX is sideways in the Fib level zone for now. Patiently holding.

Transaction en cours:

Slightly up on low volume. Holding.

Commentaire:

Finally moved up and stop loss raised to break even.