GregTheAnalyst

NFLX retesting broken trend + (M)MA50

Short
NASDAQ:NFLX   Netflix, Inc.
Typical pattern, longer trend broken, NFLX dropped 80% from its peak and now full retest to the trend. (M)MA50 is important MA, so far market retested broken trend and dropped below (M)MA50 which is 412$. Looks like "dead-cat" bounce.
Trade closed: stop reached:
Because market opened above (M)MA50 this trade is no longer valid, till another close below (M)MA50

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.