This is for a swing type trade, NFLX is still a core short for a primary trend in my book and any decent upside should be considered for shorting in to, but in the mean time, NFLX continues to look like it's going to see some decent upside, I don't think you need options (leverage) to make this one worthwhile, but I think you obviously could look in to some calls.
This 60 min chart of NFLX shows the longer term trouble its in and why it's a core short position, however, closer to home...
We have a positive divegrence out to 30 mins in NFLX, this is why I mentioned it and put it in the trading portfolio.
The 10 min chart is just confirmation of intermediate timeframes also positive, but recently the very short term charts have been looking excellent and when they all line up like that, some movement is usually just around the corner.
This is the 3 min chart with a positive at recent lows and a leading positive in the flat trading range (intraday), I like this one a lot for a swing type trade (LONG)
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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