FXManny

Netflix, Inc. Analysis of Significant levels and entry points

NASDAQ:NFLX   NETFLIX INC
107 13 2
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/
NikhilMulley
a month ago
Like this. What would you consider to be a potential target if 130 levels are pierced top through? Alternatively what would be your reading if there is no break over upside.
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FXManny PRO NikhilMulley
a month ago
So for a target I measured the previous ranging period and the pip movements formed from highs and lows in between the resistance level (130.00) and support level(80.00), this difference of 50 pips provides another possible long term future target of 180.00. For me based technically this will be a very long term investment till you reach 180.00 and you will most likely have to ride the wave if it doesn't fly straight up to 180.00
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FXManny PRO FXManny
a month ago
My university fund ran some fundamental stock valuations on NYSE:NFLX and there is prospects for the stock price to reach this 180.00 level but not in the short term, as netflix intend to increase investments in certain areas of their business
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mujunaeem
a month ago
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!
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FXManny PRO mujunaeem
a month ago
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
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mujunaeem FXManny
a month ago
Thats the idea.
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watsonzou26
a month ago
If NFLX breaks up 130, we see no resistance above, skyrocket no doubt.
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FXManny PRO watsonzou26
a month ago
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
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watsonzou26 FXManny
a month ago
But traders still need keep caution that NFLX will retouch $84 around before it soars up again. NFLX has more competition in the market.
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FXManny PRO watsonzou26
a month ago
Yes that is quite right
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watsonzou26 FXManny
a month ago
The big players seem to be downloading their positions since they like cheaper price before they re-uploaded NFLX.
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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.
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FXManny PRO Mustapha87
a month ago
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.
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