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NFLX

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NASDAQ:NFLX   Netflix, Inc.
Speculative short term trading opportunity. Following it's post-earnings decline, the share is approaching a gap fill from the Wednesday 28 June advance. Simultaneously, the share is outside of the lower boundary of it's rising 2SD 50 day linear regression trend channel, support the potential for an 'oversold' rebound. Do note that the US Federal Reserve is due to decide on interest rates this week thus the scope for wider ranges and high volatility remains. Time Stop: 07 September 2023. As always, short term/active traders can consider the following upon a subsequently rise in share price: (1) Raise their stop-loss to protect capital (2) Scale out of the position as it approaches the target. (3) Bank/Take Profit in full (and possibly get back in if it retraces).

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