How to Trade $NFLX Move

Curt MelonopolySwing Newsletters

Trading the $NFLX Move (Technical Chart Set-up)

Below is part two – a follow-up to our previous alert. *Apologies* We lost this post to an infrastructure bug, hence why it has been sent out again.

Our Trade Alert in Review. 

We posted the $NFLX alert in premarket this morning based on news: https://tech.economictimes.indiatimes.com/news/internet/india-is-a-key-part-of-international-subscription-growth-netflix-ceo-reed-hastings/63074364

At time of our alert, NFLX opened at 288.75.

$NFLX closed the regular session at 294.16 for a gain of 1.87% on the day from its opening price.

Your Trade Set-up.

Here is the basic structure of the $NFLX chart set-up for swing trading (or day trading) the move.

Real-time $NFLX chart link: https://www.tradingview.com/chart/NFLX/GRp4Tv9v-NFLX-Netflix-swing-long-above-295-83-targets-337-92-or/https://www.tradingview.com/chart/MOMO/SWdmgJ1n-How-to-trade-MOMO-setup-on-chart-price-targets-swingtrading/

$NFLX Netflix swing trade long above 295.83 targets 337.92 or under 254.33 Aug 16 2018. #swingtrading

Swing Trading the Move:

Bullish Option: Long to first target at 339-342 if price breaches 293.72

OR if price fails;

Short to price target in the 255-265 range.

Refer to time – price cycle noted on the chart on August 26, 2019.

Part One of Post:



Testing Previous Highs in #Premarket by curtmelonopoly on TradingView.com

—

Did you find value in this setup? Our Swing Trading Newsletter Service is only $1.99 for the first month ($119/mo. thereafter). Click here to learn more

Read More