Netflix Is Set To Stream Higher
By Todd Gordon
January 7, 2020
Todd Gordon is eyeing Netflix into earnings. Here’s his trade.
Todd Gordon
Founder and Lead Analyst of Trading Analysis
Todd has been trading as a career for the last 20+ years. His goal is to not only provide insightful analysis, but to teach people how to think and grow as professional traders. Todd is a practitioner of Elliott Wave Theory and he uses it to gain an edge in the highly competitive trading arena. In addition to trading professionally, Todd has worked as an analyst and researcher at two different hedge funds. Click Here To Learn More about Todd Gordon
Thanks for the trade suggestion Todd.
I’m looking at the NFLX monthly chart. It looks like a triangle in development, with an A, B, C complete, and this move up being the D. The top of the gap looks like a likely termination zone for the D (358-361 or so). If correct, your trade is still okay, but if held too long you might get into the E down period. Take a look at that triangle potential. Thanks again.