jangseohee
Long

NFLX, feeling bullish

NASDAQ:NFLX   NETFLIX INC
788 53 7
When NFLX             reported louzy earning in Mid-Oct, price got dislocated and plunge down almost touching Channel A bottom with Big volume , dump money cant wait to get rid off. After almost two months, price revisit the and today fall of channel A support with one exception, no more volumes from dump money, and even with daily candle i can see some buying forces already.
Not forgeting there are still major support around 300-319
which was posted by my teacher Vlad.Adrian 2.5 months ago
Nice one. I don't share the same opinion about NFLX therefore it was important for me to see this post. I'm happy to long NFLX above the Psychological 350 or short it under 300. Will be interesting to watch this stock.
+1 Reply
jangseohee eran.arad
No worries, this chart just give you another different perspective, ultimately decision is yours :-)
But so far i have not seen anyone as obsessed as me in using trend channel as my main tool
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jangseohee eran.arad
If price is able to go from 319.22 to 350, my call option would have increase by about 15% depend on how fast the price move :-)
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I must say this deserves Bullseye of the month reward. Top notch!
+2 Reply
took me 3 months to look at divergence initially :-)
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2use jangseohee
That is one thing, but three hits
1) support level
2) double test
3) gap
4) and level to which it would run up.

Risky as the idea itself is speculative, but a bulls eye still.
+2 Reply
it actually broke down the 319.22 level but it was within expectation that was to flush out the weak bulls..

when i smell a rat... of up to 65% confidence, it is a go... at worst, just lose minimum

profit taken... no point pondering as the premium would drop a lot tomoro
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2use jangseohee
Nope, it never opened and closed below that so i dont count it in. Indeed this is what flushes longs
+2 Reply
it doesnt matter the wick shows that price were push down slightly below my 319.22 to flush stop loss :-)
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before i learn this, i was stopped out on daily basis... :-)
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ridiculous things happen when i press the arrow, amazing job man
+1 Reply
MACD is amazing
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Amazing !! :)
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2use LazyBear
Im surprised you missed this - one of the best charts ive seen on TV all time :)
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Hi 2use, you mean i missed this trade? ^_^
I dint
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2use jangseohee
I meant lazy bear - but i guess he was following after all:)
+1 Reply
@2use Only recently I started looking at stocks, been finding gems like this since then :)
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Gotcha, but i do have louzy trade if you follow me, one of them BABA ^_^
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2use jangseohee
i would be surprised if 100% of your trades are winners :) what's your % of wins?
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hard to quantify..
depend on which method i use ^_^
60-70%

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dear all, i exact TIMING of top of i am sure, but i am pretty confidence that price wants that channel TOP
until i am proven wrong
snapshot
+1 Reply
2use jangseohee
I like the idea!
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2use 2use
Although earnings coming and it made 2 gaps already...
+1 Reply
but bear in mind that this is hypothetical and i might not get 2nd time lucky??
fingers cross
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2use jangseohee
You win !
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2use 2use
I would sell today
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2use 2use
Connect 2 last lows and 2 tops
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Insanity i would say, there is a bearish divergence which i am contemplating to sell
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2use jangseohee
Ok, with this i would definitely sell...at least half of the position. But it is tempting that people added 14% to it
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at least wait for a DOJI, daily
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many stupid gaps for past 3 sessions
which way after earning..
snapshot
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2use jangseohee
From the last gap in start of 2015 it has couple more gaps. it hasn't even started to fill that large gap. Either its under-valuated a lot. or someone is euphoric.
+1 Reply
i have no trade in this
but this is insane
gap up and sitting at wedge support xD
snapshot
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if Netflix can gap twice of 60 dollar gap, can it also gap down 100 sometime in the future? ^_^
that will be extremely thrilling
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greenplay jangseohee
@jangseohee -- when you get some free time, could you please update the NFLX main chart with EMAS and trend lines that you have put at the beginning. That would be awesome.
+1 Reply
jangseohee greenplay
@greenplay,
i will just add it here
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@greenplay
monthly view
snapshot
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@greenplay, here is daily TF update (apologized for delay due to work ^_^)
bull strength is still there but as it is in overbought situation, price needs to consolidate to alleviate the OB before making next move
snapshot
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jangseohee jangseohee
next upper target could be around 660 which is the median line (no guarantee)
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@greenplay
this current channel is for temporary use until more data verifies it
snapshot
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@greenplay
it has been consolidating for 1.5 years and finally broke out of the range.
hence i would think this is liken to AAPL before reaching a peak of around 700 before stock split ^_^

snapshot
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a break out will see 600, and NAsdaq goin all time high
a break down could see 550
snapshot
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going for 635?
snapshot
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615 first
snapshot
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which channel is NFLX using, the yellow or the white?
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NFLX seems to flash some warning to me
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jangseohee jangseohee
more warning
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not exactly like HS as the left shoulder didnt touch the neckline
more like a rounding TOP
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