Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a recent market scan, Trade Ideas A.I. engine found an opportunity to get long a stock that has
already had earnings for this quarter and is showing signs of a turnaround.
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Netflix, Inc. (NASDAQ: NFLX) is down about 18% from recent levels before earnings were reported. After days of selling, Trade Ideas has identified a likely turn in price here around the 90-91.00 level and is showing s igns of upside alpha to those who take a chance at these levels.
Currently, Trade Ideas shows some interesting metrics today:
- Short float % is just under 14%
- The short sellers have been unwinding at -30%
- Current debt is equal to current cash
- Smart stop calculated by A.I. is $0.98
Using a Trade Ideas “Smart Stop” of 98 cents will put the downside risk on this one at 89.02. The entry is right here between 90 and 91 in NFLX. As always please manage your risk accordingly.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.