Netflix lost 22% from its previous swing high, while not breaking the higher higher higher low daily trend. Price has reversed around the daily(green) and weekly(blue) horizontal supports, and .382 of the latest swing. CM williams VIX bottom finding indicator is giving us a good reversal signal, and daily RSI almost reached oversold before bouncing. These conditions present good trade criteria and allows for a tight stop.
T1 365
T2 395
T3 420
T4 495 or reversal
SL 320
T1 365
T2 395
T3 420
T4 495 or reversal
SL 320