albert.callisto

Netflix (H1) - House of Bears Season 1

Short
NASDAQ:NFLX   Netflix, Inc.
3
Earnings are disappointing the market and the price broke a significant level at 106 that was frequently present during autumn 2015 (early Oct + end Nov/early Dec). From Ichimoku point of view in this timeframe, the stock is bearish since 13th Jan. More recently, it attempted to take refuge in the cloud but failed and broke the 106 line. Note that the lagging span does not have obstacles in sight, it also tried to get above the price, weakly managed to do so during 3 hours before diving again.

Lower chart: Fibo retracement based upon Zig-Zag. We see the Fibos are well respected. Price is now wandering around the level 1.0. We may see some demand to get near the Kijun at 103.6 or even the RS line which is the Fibo 0.764 of our retracement, before the price pushes its head towards the levels it had back in August 2015 (93).

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