Netflix, Inc.Short
NFLX pullback to $803
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is positive
Price at 4.618 Fibonacci level
Down from $876.75
Target is $803 or channel bottom
will manually stop loss
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is positive
Price at 4.618 Fibonacci level
Down from $876.75
Target is $803 or channel bottom
will manually stop loss
Note
Buying 
NFXS @ $19.66Note
Still holding NFXS.Trade closed manually
price went sideways, reached channel bottoms. closing with loss. 
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