Take it simple
This week I was mostly focused on forex and cryptos and I missed this big dip buying opportunity for Netflix, at this point we do not fomo buy as it does not follow our game plan. I have laid out what I will do if I don't get the buy zone I want and if it does even better.. but the idea is to wait. I would not short this either given the strong momentum Netflix...
Disney receiving a boost from the downfall of Netflix, with many seeing this as the perfect hedge against the FAANG giant. The strong bullish candles steaming into a strongly established supply zone smells like a retail trader trap this time. I expect price to reach above stops around 113 of the previous move and into my grey and red zones where I expect heavy...
Looking at the sines, we have a perfect of maximas. Downwards from here for two years.
Will she break to the upside and hit $420 fast? Or will she sell off a bit back to $410 bounce up? or possible consolidation till Monday? Premiums are high. This thing is juiced up and bullish. NFLX lottos for July13 might be a 10x move. Will update if I play.
Nice eq forming, break will give us short term direction. Buy and sell levels marked with green and red line.
Looks way to familiar.... Bubble ready is to pop monthly BB bands are extremely wide, looks identical to the Bitcoin bubble that just happen. Monthly RSI is extremely extended 90 on the monthly. This will not end well 20%-60% pull back is due once market sentiment changes. Neflix's Weekly RSI is showing bearish divergence. NASDAQ is showing massive weekly...
It seems NFLX has gone parabolic over these past few months and it's obvious that it should pull-back as it is overvalued. The reason it has gone so high is because it is in an Ending Diagonal within a Ending Diagonal, to make it even more confusing the bigger one is a variant of the Ending Diagonal called a "throw-over", they tend to trap bulls because they think...
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On the other side, if you look for the most likely bearish stock, pick Netflix! Entry: 411 TP1: 320 TP2: 260 TP3: 212 SL: 425 This is a 6:1 risk ratio trade. TP1 should be a low risk trade. TP2 and TP3 will be decided later by the market. Do your own research before risking any money!
Netflix is currently overbought, RSI on both daily and weekly charts exceeded the 80 level. Fundamentally nothing sustains a 100% increase since January except market euphoria and irrational exuberance. I expect a short term correction towards the 360 level in the following weeks.
Netflix keeping pace with the other Major Tech Stocks, and outpacing the industry itself. The Stock soared from 12/12/27 to 3/9/18, followed by a short term reversal until 4/5/18. This happened to coincide with the 50% fibonacci ratio from the previous climb and bounced right off it. the momentum carried it above the 100% previous resistance lines, above the...
Based on the success of Netflix, this one could be huge. It's a crypto though... always be careful... set a stop a bit below point D for a pretty decent risk:reward ratio. Conservative targets: B and C Aggressive targets: A and red zones
Shorting Netflix right there, not based on anything but COMMON SENSE! I mean, just look at the chart, Netflix is literally on the moon. It started pumping in December, roughly when Bitcoin topped. The same kind of people who were buying Bitcoin, went to rush into the Netflix gold rush through their robinhood app. It's an overflow of stupid, retail money that will...
who in their right mind would buy into this chart? what if your financial adviser called to say they could get you into this at $40 with no commission? they expect it to go to $158. my gut says F that!!! how about we put in a buy order for $22? how about maybe don't call me to get you out of your positions at top dollar? I have a family too. brokers F U
Ending diagonal + bearish divergence
With internet video consumption increasing Netflix is in a pretty strong position with only potential positive news that can prop it up. Therefore a market wide tech dip is an opportunity for a short term trade to go long and sell at the previous high