Dec. 25 at 1:19 PM
Actionable Trade Alert for
$NFLX:
Market Context:
$NFLX is currently trading at
$93.64, significantly below its 30-day moving average (MA30) of
$102.17 and 50-day moving average (MA50) of
$106.59. The RSI at 23.65 indicates that the stock is oversold, suggesting a potential reversal.
Directional Bias: Given the low RSI and proximity to the 60-day low of
$91.33, there is a bullish bias for a short-term rebound. The ATR of 2.88 indicates moderate volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$93.64
- Stop Loss:
$90.00 (below the 60D low)
- Take Profit Targets:
1.
$100.00 (7% ROI)
2.
$105.00 (12% ROI)
3.
$110.00 (17.4% ROI)
This trade plan leverages the oversold condition and potential for a price recovery. Monitor the price action closely as it approaches the targets.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
