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Swing Trade Short Approaching On Netflix (NFLX)

Shares of Netflix Inc (NFLX) are ending the year with an epic run. Just in the last week, shares of Netflix have surged from $290 to their current $332. That is a move of 15%.  While many investors think the momentum in Netflix is a rebirth, smart swing traders are circling patiently, waiting for a major technical level to hit, then short it. The major stock chart technical level is at $336. This is a gap window as well as former major pivots stretching back to June 2019. Swing traders can jump on the short at $336 and ride it down within days to $318. This is one of those beautiful traders that is high reward and low risk. Once the technical chart level is triggered, it should play out in just a few days for an easy profit.

 

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