Trading idea for Netflix Inc. (NASDAQ)

Netflix Inc. (NASDAQ)
#NFLX

The trend is upward. The stock is trading between the 365 and 135 EMA ranges. The downward wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the downward channel of the truncated correction.

Stop Loss: 1200.60
Target levels: 1230.00; 1246.50