Using 8 indicators to analyze NFLX stock
The following shows all indicators:
Latest long trade based on Day chart
NFLX reboud after earnings - 19 days to get back to $78.40
Introduce indicator:
Analysis:
After quick introduction of two indicators, it is time for me to review Day chart using the analysis:
NFLX stock - First 63 days downtrend 40% dipped from April 16 to July 17 - Try to short NFLX stock if you are a skilled trader
- June 25 - after 25 days downtrend 22.54%, following by half percentage 10.697% uptrend
Last 20% uptrend - Followed by Bill Archman's investment on NFLX - 20 days after earnings rebound
The idea is to short NFLX whenever NFLX rebounded to test EMA 21 on Day chart - start a new short trend with stop loss setup
Short trade 2: -10.137%
Short trade 3: -22.54%
Short trade 4: -17.32%
---------------
In total: 66% gain
Long trade 5: 20% gain



No comments:
Post a Comment