Buying NFLX PullBack For Rally

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I know alot of people who got rid of cable and only have Netflix, so NFLX is one stock I am always bullish on. It is trading near last years double bottom. . I believe the recent pullback is due to the previous surges and this is a healthy correction. I believe this because of the low bearish volume.

I am entering this trade with an aggressive stop based on the .382 fib of the previous rally.

Trigger: 93.41
Stop: 90.09
Target: 119.30

١١ يونيو ٢٠١٦

تم فتح الصفقة

I got triggered into this trade today but I will exit this position aggressively at market open because of "hidden divergence" i found confirming the downtrend. Also the gap down from the day prior may be a continuation gap.

I hope that the rapid decline and the 4 bearish candles in a row give me a nice bullish pop on Monday from short traders buying to close, so that can exit this position without losing a full amount R and maybe even get a little bit of profit:

Hidden divergence: .

١٣ يونيو ٢٠١٦

تم إغلاق الصفقة يدويًا

Trade has been exited aggressively for a nice small profit. I figured the bears needed to rest. The hidden divergence got me out of this trade and I am glad to watch from the sidelines until I see a new entry signal.