NFLX: Opportunistic Counter-Trend up move to $340

Counter-trend rallies are one of the hardest to trade but with seasonality acting as a tail wind, might want to keep an eye on holiday subscription darling NFLX. Stock has completed an ABCD formation at $270 and is now sitting at a 78.6% retracement. If price action confirms a higher low, there is a trade to be had for an initial price target of $340.

Ordre annulé:

Nope, nada, no confirmation on a higher low so trade idea is invalidated.