Trading idea for Netflix Inc. (NASDAQ)
Netflix Inc. (NASDAQ)
#NFLX
The trend is upward. The stock is trading between the 365 and 135 EMA ranges. The downward wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the downward channel of the truncated correction.
Stop Loss: 1200.60
Target levels: 1230.00; 1246.50