I posted NFLX as a short trade idea on 7/17 and 7/18 with a stop in the $290-$295 area. The stock never bounced higher then $287 on a closing basis since the posts were presented.
NFLX reported tonight and came in with a big miss. In both posts I mentioned I thought NFLX would become an excellent trending trade once the top was broken, tonight the top is broken with NFLX currently trading at $253.50 or about 10% lower then an entry around the time I posted the NFLX short idea.
Here's the daly chart with a bad 3C divergence.
The 15 min chart pinpointed the top.
If you are in this trade, contact me about a stop/trade management. If not, 'm sure we'll have plenty of chances to get a position opened.
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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