False break?

9 เม.ย. 2019

NFLX has been in a rising wedge, typically seen as a bearish pattern. I do think it is possible we see a false break here to complete an ABC pattern here. Then a pop back up to around $285. Buying in around $242, with very very tight stops. With the state that the market is currently in and how common it is for NFLX to make big moves in a short period of time, it's important to watch for any heavy volume on a break to the downside.

Eventually the market bubble will burst, and so will Netflix, so be very careful making long trades right now. Earnings next week as well.