Major Indices hitting their head against major resistance levels while Netflix is is breaking 20 day lows. Price could be heading to $231.26 and with high implied Volatility of 40% with could see a major move to the downside!
If the overall markets starts to roll over Netflix could get dragged down even further.
Every FAANG stock has some sort of pennant continuation/reversal pattern going. Not really sure which way they want to go, but there will be a huge move next couple of weeks in one direction or another.
I really don't see a compelling reason for the market to rally anymore, but who knows... the algos can pump the crap out of the market with futures overnight,...
Averaging the move of past earnings and options data.
Facebook will move about 7% up or down.
*Note this is not a short or long - but a volatility study...
This way you can measure how much you will win/lose on positive or negative surprises.
Was waiting on this move for a while, and NFLX got crushed on earnings after months of consolidation. i’m expecting more downside with a possible buy zone around $250-$290. I’m not shorting unless under 330-340 S\R
4H Chart Explanation:
- Price broke the Ascending Trendline.
- It is, currently, against an important Resistance Zone.
- If price starts its down move from here, it has potential to move down towards our Target Price at 240, being careful with the Middle Support Zone at 340.
Our Weekly and Daily Vision support this short idea. Take a look!
NASDAQ:NFLX has been consolidating for a long long time now. looks like big move coming soon. Ive lost on puts recently - If you’re in a short or long i would recommend hedging. Note the similar rising wedge patterns ! could break down or go parabolic
New season of Stranger Things this week and NFLX earnings around the corner grab the fucking popcorn!!!!!!
Mi análisis técnico personal en visión semanal. Neutral, por decir algo.
Aunque no hay certeza de nada, puede ser probable el escenario debido al conflicto imperial en curso.
My personal technical analysis in weekly vision. Neutral, to say something.
Although there is no certainty of anything, this scenario may be probable due to...
On this asset I will not open this position until Wednesday or thursday most likely, daily chart does not support downward movement, weekly does however.
I will wait to see how monday opens, however I plan on entering this short sometime next week.
Amazon reported Q1 results, beating EPS estimates by $2.44 and doubling its profit. It also announced that it woud invest $800m to make one-day free shipping the new standard for all core Prime members. The stock continues its ascent towards $2,000.
Looks like they're trying to pump futures (look at MFI) but the only things going up are FAANG stocks.
Europe's still on holiday, low volume today. Staying out of the market, expecting another pump and dump with futures.
FB, AAPL, AMZN, NFLX, and GOOGL are all at the same level they were pre/post earnings last July. Keep in mind that it was the last batch of reports before the big tank.
So what does this mean? Maybe we go into a market melt up like last summer and the market tanks after the China trade news. Hard to say, some stocks are doing well on earnings and others are...
Amazon stock remained largely unscathed by news of Disney+ releasing at the end of this year, despite the challenge to its Prime Video service. The tech giant also hit the headlines late this week when the retail industry issued forceful responses to the challenge from Jeff Bezos to its competitors to “match our employee benefits and our $15 minimum wage”....