NFLX April Favorite: Earnings

NFLX has been featured numerous times in April as a Trade Position Long, the primary trend is a different story, but through April NFLX has been one of the most talked about long ideas starting on April 1st with an Equity Long in the trading portfolio at 2/3rds size position with some room left to add because I thought a run below $349.90 on a head fake stop run was a high probability, that happened...NFLX was mentioned again on April 3rd with the same look-out for the head fake move, in fact from April 3rd's post...

"I would personally leave some room for a stop run/head fake in the area of about $349.90. In fact, if you want to place a high standard on the trade idea and get the best entry/lowest risk, you might consider setting an alert for <$349.90 and consider that the make or break for a long entry."

Here's the chart with the original trendline from early April...

After the original post the April 3rd post said...

"I would personally leave some room for a stop run/head fake in the area of about $349.90. In fact, if you want to place a high standard on the trade idea and get the best entry/lowest risk, you might consider setting an alert for <$349.90 and consider that the make or break for a long entry."

The head fake came the next day at the yellow arrow on 4/4 below our minimum target, the model trading portfolio filled at $360.90 before the head fake move, thus tonight it's at a $12 profit at last check at $371.15.

Other dates NFLX was brought up as a long position: April 7th April 9th  April 14th

And the chart that brought NFLX out and above the rest...

Leading positive out to 30 mins.

Of course this sets up a whole new trade in the primary trend category as a core position because this 4 hour chart ISN'T GOING ANYWHERE...

NFLX 4 hour, but we'll cross that bridge when we get there... (again).

As for relative performance on intraday timeframes, 

 3 min NFLX intraday is showing much better underlying trade than the averages like...

The SPY in the same timeframe.

I imagine NFLX will likely target the areas north of where we first picked up positive divergences, in fact in AH, it already has.

Best of luck to our NFLX longs.