Netflix displays a potential exhaustion gap. The elongated upper shadow of the candle increases the probability that today we have indeed seen an exhaustion gap. If that should be the case I expect at least a 20% correction from here, with the possibility of a 50% correction before it would make sense to close the position.
I suggest shorting Netflix. Stop: close above 700
Whoever chooses to go with the trade good luck.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: www.highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com/performance/
I suggest shorting Netflix. Stop: close above 700
Whoever chooses to go with the trade good luck.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: www.highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com/performance/