Rangebound trade
1) Netflix has been range bound ($480 - $580) since July of 2020
3) The stock is currently trading at the resistance level $582
2) all indicators are indicating oversold - it has risen 14% in the last couple of weeks
This trade needs patience because it could take a while to get back down to the 500ish level - which would be a 15% return
1) Netflix has been range bound ($480 - $580) since July of 2020
3) The stock is currently trading at the resistance level $582
2) all indicators are indicating oversold - it has risen 14% in the last couple of weeks
This trade needs patience because it could take a while to get back down to the 500ish level - which would be a 15% return