Market Flash: $NFLX 📊
Suggested Direction: Range-bound
Entry Point: 72.2429-72.9971
Stop Loss Reference: 71.5300
Target Prices: 73.4057/74.0343/74.8200
Analysis: NFLX at this level is really making me want to eat my keyboard. 72.62, the EMA lines are glued together like dead fish, 72.29 and 72.40 crossed for no reason. RSI is at 51.4, stuck in a typical 'I guess you'll go up but you just won't' market. I was all hyped yesterday thinking it could break 73, but what does the chart say? Dream on. Stop loss set at 71.53, with this pathetic range, it’s either going to slide down and hit my stop loss before bouncing back, or it’ll grind until I’m ready to throw in the towel to pick a direction. Honestly, entering now feels like just giving the exchange a fee donation; I'm choosing to sit back and watch until it breaks below 71.5 or holds above 73.2 before I jump in, not playing this psychological game anymore. It's exhausting.
Tip: Suggested stop loss level: 71.530000, please adjust your position size based on your own risk appetite
#NFLX
Suggested Direction: Range-bound
Entry Point: 72.2429-72.9971
Stop Loss Reference: 71.5300
Target Prices: 73.4057/74.0343/74.8200
Analysis: NFLX at this level is really making me want to eat my keyboard. 72.62, the EMA lines are glued together like dead fish, 72.29 and 72.40 crossed for no reason. RSI is at 51.4, stuck in a typical 'I guess you'll go up but you just won't' market. I was all hyped yesterday thinking it could break 73, but what does the chart say? Dream on. Stop loss set at 71.53, with this pathetic range, it’s either going to slide down and hit my stop loss before bouncing back, or it’ll grind until I’m ready to throw in the towel to pick a direction. Honestly, entering now feels like just giving the exchange a fee donation; I'm choosing to sit back and watch until it breaks below 71.5 or holds above 73.2 before I jump in, not playing this psychological game anymore. It's exhausting.
Tip: Suggested stop loss level: 71.530000, please adjust your position size based on your own risk appetite
#NFLX