TRADING TIPS

NFLX Long Setup with Targets

Hubert Senters here. Let’s take a look at Netflix. Stock symbol is NFLX obviously. You’ve got a one day actually two days. Let me Zoom in here a little. So we’ve got three days above the cloud fourth day breaking up to above the standard line. It had one, two, three days. That’s conservative long set-up in my opinion. The only thing that’s going against it is the ADX is a little low at $14.32. But it is hooking and headed towards the $20 line which is usually our threshold line that we like for our trending market to be in. So right now Netflix is not trending but also just note on a daily chart the ADX is a little lagging. That’s the little yellow line. Overall not bad. I would say next target for Netflix would be like $552 and then after that $570-ish. Good luck. Hope it helps. See you on the next video. Hubert.

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