March was a busy month for me. I didn’t trade much because I was in the Bahamas and Los Angeles, CA. So I haven’t watched much Netflix lately but I have kept my eyes on this stock. I realize I’ve written a few articles on NFLX but they have all been incredible passages containing a wealth of information, right?
As of now, NFLX appears to be in a Bollinger band squeeze.
This is one of the easiest trade set ups and sometimes can be the most profitable. Truthfully, this isn’t the tightest squeeze I’ve ever seen or the tightest (meaning the low price volatility) I’ve seen in NFLX but still looks quite solid. The 193.60 purple trigger was a day trade trigger set up for 3/27/13 in which I and other students were after 10%. That was an easy trade to make.
Now, I’m just waiting on a bullish close above $199.30 or bearish below $173.90. Bullish target is $216 and bearish targets are two confluence zones (strong support) around $155 and $143. This is a neutral trade.
Enjoy this trade, folks!
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