Year 2005 Scenario
Year 2009 Scenario
Year 2010-2011 Scenario
Another Scenario is Cultivating
Uptrend Line Established/Entered Long @ $90.82
Marching
Long-Term MAs “Golden Cross”
This is the level I will be buying and continue to buy as it continues to cultivate and establish primary-term uptrend.
1-Year Later…
*Stock price is different due to the stock split
6 thoughts on “When $NFLX Takes Escalator Up (Why I am Buying)”
Will you be using the weekly chart MAs for possible targets Kay?
@LittleRiver well im gonna be doing longer term trend trading on this one. What I usually do is I watch for major resistances upwards (look at past chart on daily) and then I continue to trade up unless it gives me candle reversal formations. I will be using 10EMA or 20EMA (depending on the situations) as stops. if i get stopped out. I wait until it retraces and then at a good support I will re-enter long and do the whole thing over again
@2kaykim Thank you Kay for sharing your strategy. Makes good sense. Do you place any value on 100SMA -200SMA crossing on a weekly chart ?
@LittleRiver in this case not as much since $NFLX has been forming base really long time and now starting to find some new long term bullish trend.. so id put more weight on daily chart for now. that doesn’t mean that the weekly MAs will not act as resistnace cuz it could but to identify possible trend, daily MAs is way to go for this certain stock for this certain situation
Assuming NFLX doesn’t break the 20EMA/support line, are you planning to hold through earnings? They’re due on the 25th.
I’d be a bit on the terrified side…
@vijalp9 Earnings is on the 23rd after hours CONFIRMED. I dont hold anything thru earnings so I will probably get out before then… yea oscillators are overbought and we have slight bearish divergences as well.. not looking good so we just have to hope that 20EMA, horizontal and uptrend support will hold the stock. if we can have Doji tomorrow, could bounce on Friday. gl