Netflix, Inc.
Long
Updated

NFLX shark harmonic

497
NFLX daily chart is showing a bullish shark harmonic, with the entry point at D corresponding to the critical daily 50 SMA. The first profit target at B corresponds to the daily 34 EMA, and the second target at C corresponds to the daily upper Bollinger Band. NFLX starts off the QQQ earnings season, and reports after market close on Thursday. snapshot
Trade closed: target reached
NFLX provided a $22/share return on a $3/share risk earlier this week, before selling back off with general QQQ weakness. Trade closed after first target reached and will reassess after the earnings report this afternoon.

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