NFLX approaching support zone: NetFlix buy zones to watch
Netflix and other tech stocks are marching to their own tune somewhat.
While the overall market sentiment does weigh on this stock, its moves are somewhat independant.
So this Fib study includes short term and long term Fibonocci extensions to theorize on important zones.
The green zones are of great interest to me.
Ideal buy would be the LOWER zone around $185, which might become the lowest price for this stock going forward.
The higher zone areound $240 would be a scalp-to-hold attempt, with tight stop expecting a further pullback.
While the overall market sentiment does weigh on this stock, its moves are somewhat independant.
So this Fib study includes short term and long term Fibonocci extensions to theorize on important zones.
The green zones are of great interest to me.
Ideal buy would be the LOWER zone around $185, which might become the lowest price for this stock going forward.
The higher zone areound $240 would be a scalp-to-hold attempt, with tight stop expecting a further pullback.
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