Netflix, Inc. Analysis of Significant levels and entry points

113 13 3
This analysis is for King's Capital Investment Fund, as a stock chart analysis, for a future potential stock pick idea. Link to the University Fund's website: http://kingscapital.org/
I like the analysis. I just don't see how this can't correct before going upwards. The first half of the 12 month diagram show's strength, second half (2016) shows a lot of weakness, and I don't see more bullishness without a correction. Otherwise that would mean a 50% gain. Not feasible. Must correct to the 110-115 range before it could continue.
FXManny Mustapha87
Yes you are correct, the chart can correct, and I have taken this into consideration in the analysis with the 130.00 level being resistance to the upward movement. This correction at this point can indeed fall within the 110-115 range due to this resistance and general slow down in short term growth of Netflix. As of today this 130.00 level has become very significant, due to continuous attempts to break through... so my buy signal for Netflix falls in the region above the 130.00 level.
If NFLX breaks up 130, we see no resistance above, skyrocket no doubt.
FXManny watsonzou26
Resistance will most likely form around the 180.00 level, but of course there is potential for it top definitely break through this level too
But traders still need keep caution that NFLX will retouch $84 around before it soars up again. NFLX has more competition in the market.
FXManny watsonzou26
Yes that is quite right
The big players seem to be downloading their positions since they like cheaper price before they re-uploaded NFLX.
Thanks for sharing the analysis. I found myself agreeing with you on this. I was lucky enough to get into this trade before the gap up on after the earnings call last week. I have already taken profits on some of my positions and changed stop loss up on the rest. I have made a few thousand pips on this already. And still keen for it to pay more. My trailing stop is now at 125. If it retraces from current price levels, I will loss a couple of hundred when it hits my stop, but in the overall trades of the week, I would still be a few thousand dollars up. Loving NFLX!
FXManny mujunaeem
yeah NFLX has been a pretty good trade, you should hang on to it for the long term because it is a very good company despite increasing competition in the market
mujunaeem FXManny
Thats the idea.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out