Good pattern to commit to memory. Probably not a great idea to initiate positions before earnings, but this is also not the only stock with this pattern right now…
Chart of the day: NFLX
- Post author:AdamHGrimes
- Post published:01/18/2017
- Post category:Breakout / Chart of the Day
AdamHGrimes
Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.
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love your quick post like this. 2 and 3 were exactly where I was wondering. I exited this trade earlier. It was a strange trade for me, the first time I tried to buy when FB/NFLX was pushed down and held patiently for their turn to come. But I was debating where I should exit. So I exited a little before prior high. Too anxious to lock in the profit after a long wait.