Hubert Senters here.
Let’s take a look at Netflix on a daily. You have a sell signal for two days. I’m going to zoom in here. Now, if you’re an investor and a long term holder of Netflix I wouldn’t recommend that yourselves. It’s probably going to go higher over time that just how stocks work. But let’s take a look at where we think it’s going to have some support at so.
If you just go back here and look at support you’ve got some area right in here of some support. I would say probably in this area $300 but what I’m going to do is I’m going to shrink down or I’m going to expand the time. I’m going to go to a monthly. Let’s go to weekly chart. So weekly chart so you’re still okay on a weekly.
If it breaks this area which is $329 then it may go to about $270 and you get some decent support at $270. You got this. You got that. Let’s go to a longer time frame here, go monthly. On a monthly, it could pull back as far as $300 and $250 so I’m not too far off. It really is going to depend on what you’re doing with Netflix.
If you’re Intraday trading it short it and right a little bit lower if you’re small swing trading it for anywhere. Sorry my little mike’s thing got a little creaky there. Anywhere from three to 21 days, I would short that if you’re holding it longer I would say hey, wait for a pullback and add to your position. So it really depends on what you’re trying to do. But I just want to make you aware of some places that it may go to as it is pulling back.
Mark Helweg is going to be doing an encore presentation of ‘’The New 3 Light Options Strategy.’’ Read the website. It’s going to happen Wednesday, August 1st at 8PM EST. How it all started, the accidental discovery, simple buy and sell signals, learn one of the best options strategies that he seen. That is going to take place Wednesday, August 1st at 8PM EST. CLICK THE CLAIM MY SPOT NOW to register for the webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
