“I could see Netflix (NFLX) breaking over $986 and ripping past $1000.”
Editor’s Note: Yesterday the Nasdaq fell more than 2% amidst China’s DeepSeek fears.
And the truth is…
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– Ryan Fitzwater, Publisher
Yesterday was a blood bath.
Markets were down a ton on the DeepSeek artificial intelligence scare out of China.
Even Nvidia was down 15% yesterday morning.
Unbelievable.
I haven’t read enough to have an educated opinion on the DeepSeek news.
However, it does seem like an over-reaction from Wall Steet.
And in my experience, the markets can stay irrational longer than most of us can stay solvent.
So I’m not fighting this downtrend.
Instead I’ll be staying away from AI names in the short term.
But the good news is…
There are several attractive dip buys coming across my S.A.M Scanner this week.
Here’s one name I’m looking at…
Netflx (NFLX) has a mouth-watering setup
Netflix has multiple squeezes on the 30 min, 15 min and 10 min charts, and it has all the makings of a potential rebound play.
I could see NFLX breaking over $986 and then ripping over $1000.
I’m already positioned in Daily Profits Live and I’ll be looking to add more this week.
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