Looking at the daily chart of NFLX we see the Ichimoku Cloud is showing us signs of an uptrend. As price is above the cloud we can see the green is on top of the cloud and the red is now on the bottom. For NFLX to continue this trend we need to see it bounce of the green lines of the cloud... As we did not hold the red line (Kijun sen)... It is now expected for...
$NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range.
However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support...
Netflix - 30d expiry - We look to Buy a break of 306.01 (stop at 279.87)
Short term momentum is bullish.
Short term RSI has turned positive.
A break of the recent high at 305.52 should result in a further move higher.
305.52 has been pivotal.
In our opinion this stock is undervalued.
Our outlook is bullish.
Our profit targets will be 368.68 and 378.68...
We've been bullish on Netflix (NFLX) since early Summer after the price held the 1M MA200 (yellow trend-line), which as we noted on our April 21 analysis, is the historical Support:
Even though the drop didn't complete the expected -80% drop, it did come close enough (-76.50%) and as you see the rebound since the mid May bottom has been massive already...
In this post, I'll be breaking down Netflix (NFLX) from both a technical and fundamental perspective, exploring a narrative as to why this may be the most undervalued company in the market at the moment.
Netflix has taken a massive hit, trading below $190, when its 52 week high is $700. I covered this stock when it was trading around $600 ranges, and said it...
From 2007 to 2022, Netflix’s subscriber base grew from 7 million to 221 million, nearly 3,000%. Netflix is known as one of the pioneers of mass streaming of audiovisual content. Founded in 1997, Netflix began as a mail-order DVD rental company. One of the co-founders, Reed Hastings, told Fortune magazine that he got the idea for Netflix after being overdue a $40...
NFLX has lost 76% from its November highs to its July lows.
Looking at the chart from a purely technical point of view, here is what I see:
- the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428.
- There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331....
Recently one of my followers posed a question for us so I wanted to share my analysis into Netflix and where I see it could move.
It goes without saying but please don't use this as financial advice, DYOR and this is only shared for educational purposes.
NFLX if you notice the drop was almost near to the support we draw before. It rebound & will continue to move towards a higher area here. Red chip are growing too.
Anything below 249 area will be an exit.
Netflix - NFLX - Can it regain its previous stock price? Will its ads subscription model make it more competitive? Will its content win more viewers over? Who knows? What we do know is that price is filling the gaps from the previous decline. I am not counting NTFLX out. Patience pays off.
Traders and Investors, FAANG index has reached an FCP zone which is also a previous structure level. This can create a good bounce up (BULL) opportunity for all FAANG stocks.
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1. Never trade too much
2. Never trade without a confirmation
3. Never rely on...
Netflix in a retracement pattern here. Monitor the breakout cause once this ended, it will retest 332 resistance area here. Red chip piling up.
Jokes aside : Squid S2 incoming ! this might give a boost on it haha.
folks at $1.30 and $0.35 cents should be getting ready to upsize ..
and for those who sold at $10 and $20 ..
maybe an opportunity to get back on board Gamblers and Clueless folks at $700 and $600
hang in there and meet you halfway at $300