NFLX setting up Fib retracement level bounce LONG

2023年7月26日

NFLX up trended starting June 1st through an upper long term anchored VWAP

to the next higher VWAP line coinciding with earnings. NFLX dropped after

good earnings probably because investors expected even better. On the 30

minute chart, NFLX has more or less completed a 45-55% retracement of that

trend up and is now sitting on the VWAP line that it crossed back in early June.

Volumes are decent above their moving average. The zero-lag shows a line

cross under the histogram which just converted to positive. I analyze this as

suitable for a long entry targeting that higher VWAP band line at 495 with

a stop loss at 415, the recent pivot low. I will take both a stock trade of

10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated

Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits

from smaller positions in the same time frame . This looks like another opportunity.

2023年7月29日

交易進行

Sideways movement in a chaotic week More time for accumulation and coiling
lays the foundation for good price action upcoming.