Netflix (NFLX) : Trade recap

Trade recap :

1.Shorted when it misses earnings and gap down.

– subsequently, it breaks the kumo support and I start looking for Support level at 95 (identified by blue circle from Chikou Span)

2. Take profit when it bounces off $95 level

– wait for short entry again near kumo resistance (identified by yellow circle)

– shows no sign of slowing down as price level goes above Tenkan sen

3. Kumo breakout on positive news (exclusive rights with EPIX)

– high volume breakout; surge 7%

– Tenkan sen cuts Kijun sen; bullish cross with kumo breakout.

– near 52 week high;

Should I take a long position now? Since the indicators are aligned for a bullish move?

By iam802

Trend trading with Ichimoku


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