StockBuz Chart Gallery

Admin

NFLX Failure At Fib

Posted by StockBuz on November 27, 2014 at 1:24pm in Short Setups

When a stock fails at a 38.2% or 50% fib, there is an increased risk of it testing the lows (or highs); many times exceeding it.  NFLX is facing increased competition as HBO (TWX), Amazon (AMZM), CBS and others are joining the streaming crowd.  My next target will be to take some off at the lows and let the balance run. 

Full disclosure: short position via common shares

Read More, Comment and Share......
Previous
Next
Tags: netflix stock, nflx
E-mail me when people leave their comments –
Follow

You need to be a member of StockBuz to add comments!

Join StockBuz

Pardon our dust as this page is undergoing a facelift.  Please report any difficulties you may experience during this phase.  Contact us

***********

You're welcome to add new charts and photos using the "Add" button found at the top/right.

  • Be certain to give each a TITLE
  • Select a category that best fits
  • Select more than one category by holding down the "CTRL" key when selecting the second or third category.
  • Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
  • Since we don't charge for our trade ideas, please pay with a