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Wednesday, December 9, 2015

Trading Recommendation on Netflix (December 2015 – April 2016)

Netflix shares (NASDAQ:NFLX) are supposed to continue trending upwards. The uptrend has already started, and it would be sustained till around April 2016.

4 EMAs are used for the analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left side of the chart. The price currently resting atop the EMA 20, and it could continue to trend further upwards. Along the way, there could be retracements into the EMAs 20 and 50, but the price could rise further upwards after this.

The EMA 200 shows that Netflix has already performed a Golden Cross, so the general outlook on the market is upbeat. From now till April, the shares can gain more than 35 per cent.

Even serious traders make mistakes, perhaps repeatedly. But after each misstep, they get up, learn from experience, and move on.  When you focus on effort for trading mastery, however, you foster resilience. You help yourself to view setbacks as just that, not as a disaster. So rather than give up, you might try another approach or simple become creative.

This forecast is ended by the quote below:

“Do you have realistic expectations about returns? The greatest traders in the world return 15 percent to 25 per cent a year. Trying to get rich quick is the fastest way to go broke.” – Steve Burns

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders



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