The possible weakness has been invalidated by following action, with price going higher and breaking the previous (relative) high. I think this strength is due to strength in the overall market that makes less probable for shorts to work out and also on recent news on this particular stock. At this point we have to wait the action and reaction to the next major...
2 possible short entries not triggered is somewhat disappointing and highlights some strength in the background. I think this strength is due to strength in the overall market that makes less probable for shorts to work out. At this point we have to wait the action and reaction to the next major event on the stock, earnings. Check all the previous ideas on this...
The action on NFLX is still weak, price is going sideways. The weakness is shown by the action following 06/21 candle. Note that the candle is an up candle on increasing and high volume. Sell orders could be hidden there. Following action is an upthrust (price went up and back down) which is weakness and this is confirmed by 06/25 candles (increasing volume on...
Price touched the top of the TP area and went up. It has been driven up violently (many gaps up) but it doesn't seem supported by strong volumes. If price doesn't break $200, FB remains weak to me. Yesterday's action could hide selling orders but a short entry now isn't good because volatility is high and more confirmation is needed. (I had to cancel my previous...
Price filled the gap and rebounded, helped by the action on the main index. The rebound doesn't seem accumulation (volume is low) so we should consider the stock still weak. Yesterday's action, if confirmed today (price goes below it), could provide another good short opportunity. Note also that the rebound has taken out buy orders left at the gap level, so next...
Price rebound after breaking a support but I think that the buying activity isn't enough. The stock is still weak and yesterday's candle confirmation (price goes below) could provide another short opportunity
