Netflix correctional move
Hello traders and analysts,
Here is a view of Netflix, while alot of people are currently restricted to access in the outside world, content is being pushed to online platforms but without an abundance of new content to be completed and provided - re-runs and previous fan favourites will suffice? or will it?
Will people scale back on entertainment where people may have lost their jobs or look for an alternate source? e.g. streaming, youtube etc.
The chart shows us:
Maxed out weekly, monthly tops
We are now in a weekly trading range - but price has shown a gap formation which has been added to outflows with the Nas100 outflows also.
With the election looming - it is a good opportunity here to take profits and cover profits with short positions
Trade:
We will look for the least path of resistance when trading, meaning the highest probability the price shows a sign of falling.
Keep in mind both scenarios
1. - buy from $440 correction
2. sell to $360 zone
3. Sell to $440 and buy in - with confirmation this structure will not break..
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
Here is a view of Netflix, while alot of people are currently restricted to access in the outside world, content is being pushed to online platforms but without an abundance of new content to be completed and provided - re-runs and previous fan favourites will suffice? or will it?
Will people scale back on entertainment where people may have lost their jobs or look for an alternate source? e.g. streaming, youtube etc.
The chart shows us:
Maxed out weekly, monthly tops
We are now in a weekly trading range - but price has shown a gap formation which has been added to outflows with the Nas100 outflows also.
With the election looming - it is a good opportunity here to take profits and cover profits with short positions
Trade:
We will look for the least path of resistance when trading, meaning the highest probability the price shows a sign of falling.
Keep in mind both scenarios
1. - buy from $440 correction
2. sell to $360 zone
3. Sell to $440 and buy in - with confirmation this structure will not break..
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
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