Netflix Stock: A Technical Analysis 📈🎯

My Netflix trade, with a buy at $750 and a sell at $901.5, was well-timed, capitalizing on a solid upward trend. Let’s break down the technicals that influenced my decision.$Netflix(NFLX)$  

Moving Averages 📊

The chart shows multiple moving averages (MA5, MA10, MA20, MA30) aligned in an upward trajectory during the rally, confirming a strong bullish momentum. My entry at $750 coincided with the early phase of this trend, where the price started crossing above its moving averages. The sell point at $901.5 aligned with the stock nearing overbought levels as the price hovered above MA5 but showed early signs of flattening.

Bollinger Bands and BBIBOLL 🎡

The BBIBOLL indicator revealed the upper band around $934, suggesting limited upside from my sell point. As the price approached the upper band during its peak at $941.75, it likely signaled overextension. Selling near $901.5 allowed me to lock in profits before potential mean reversion. 💰

Volume and Trendline 📈🔍

The volume during the upward trend confirmed steady buying interest. However, the current price at $902.60 shows reduced momentum, with the candle near the MA lines. The flattening of MA5 and MA10 suggests consolidation or a potential pullback.

Decision Reflection 🎯💡

My strategy to buy low and sell as the stock approached resistance worked effectively. Exiting before the upper Bollinger Band prevented exposure to possible retracements, preserving my gains. Watching these technical indicators, particularly Bollinger Bands and moving averages, helped me refine this trade.

Disclaimer ⚠️

This analysis reflects my personal observations and trading strategy. It is not financial advice and should not be construed as a recommendation to buy, sell, or hold any security. Always conduct your own research and consult a financial advisor before making investment decisions.

This move reflects a disciplined approach to capturing gains while following the stock’s technical cues—an exemplary short-term profit-taking strategy! 🚀

@CaptainTiger 

@MillionaireTiger 

@TigerStars 

@TigerTradingNotes