NFLX Watching for another Breakout

2023年5月21日

NFLX gapped up on the morning of 5/18 with high momentum and a volume spike both of

which faded by mid-day shown on this 15- minute chart. Since then price has been in a narrow

consolidation range centered about the POC line of the multisession volume profile. Price is

in the fair value area between the mean anchored VWAP and the +1 STD band. The zero lag

MACD is confirmatory for a trend resting in consolidation


I will watch for green candles in a row with the second having more range than the first. I will

check to see if the relative volume is 2X the running mean. If so, I will enter and try to get

the early breakout. Stop loss will be $365 below the POC line. I will exit upon seeing upper

wicks and volume falling back down to the mean. My expectation is for a quick 3 to 5 percent

trade with a R:R of better than 10:!.

2023年5月24日

交易進行

NFLX dropped with the general market movement related to the national debt. Got support from VWAP. Doubled down at the pivot low. Not sure of the consequences of the password crackdown. Could bring more revenue but could backlash. Flip a coin.