TRADING TIPS

Is NFLX a Good Buy Here?

Hubert Senters here. Had a question from the viewer if I thought it was a good time to buy Netflix. Let’s take a look at it so Netflix is int the cloud. So for me that’s a hard no or a pass at this point. But if we look at the smaller timeframe like the 60 or even the 10 minute on it timeframe it’s a buy so intraday trade the day trade to Netflix on the long side make sense with a potential target of $500. Right now it’s at $495 so it’s got about another $5 points. If it can chew through the cloud on a 60-minute timeframe from like $500 up to about $518 then it would flow from an intraday day trade to a small swing trade of threeto five days. And then if that can work above $510-ish and it can then get above the cloud here at about $513 then it would be a swing trade that’s more than three to five days long it could be 20 days to to three months long potentially so hope that helps. Mark Helweg is doing a special webinar tonight at 8PM EST on ”How to Potentially Predict Big Swings in the Market Using Nature’s Own ”Golden Ratio.” I will HYPERLINK you to the registration page to register for the webinar then make sure you show up and listen to Mark teach you about Fibonacci. Good luck. Hope it helps. See you on the next video. Hubert.

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