andrew.berg
Short

NFLX continuation weakness after earnings

NASDAQ:NFLX   NETFLIX INC
Fyndamentals:
Netflix             stock plunged down after earnings report as the leader of streaming video companies offered weak guidancefor subscribers growth. But it is not the only reason. The arrival of Prime Video as a more direct competitor, as well as Amazon Prime can create some challenges for Netflix             .

Technicals:
The price gapped down below 200 EMA and holds near the bottom - the sign of weakness. It failed to reverse as $IBM did. And may continue its weakness, especially if market will bounce off from resistance (now, it is curling down).

Trade Management:

With today's candle, it broke down support at $94.20 (which was an entry) with the STOP above $97.40 and TARGET (next important support) at $88. The risk/reward ratio is 1:2, that makes tjis trade attractive.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out