Netflix (NFLX) offers a good buying opportunity. Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
since November 21 NFLX was on a down trend until May 2022. after a flag pattern appears until December 22. a breakthrough that range will signal a high probability of keep going down Another confirmation could appear on RSI when it goes below 50%.
Rising channel and uptrend back in Oct 2022 until Dec 2022. New descending channel forms with a new resistance of $294/$295. Will continue to downtrend and will test resistance, if breaks through that resistance, entry between $300-$310. If not, expect descending channel to continue until at least earnings call in late January 2023.
This impulse from above, into this ascending channel is making me believe the price will move out impulsive from it as it often does, to the downside. And the price target is at $165 area which is where the ascending channel started.
Netflix - Most of the US tech counter out there, this chart still solid for the time being. If US Nasdaq trigger its rebound, this might follow to try for a 2nd attempt resistance 332 area.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
seeing a possible long movement on Netflix going up by £50 in value I think but a 3732.00 pip movement looks decent ngl 10.9 rr aswell
Currently NFLX is looking like a 1:1 copy of the sell off from 2011 and 2012. Which would imply that we see another way down in the coming months before finally bottoming.
As you can see on the chart, Netflix actually rises up for Gap filling. Please mention: 30% in a few weeks. Wait until first Gap ist Closed, then go short.
Netflix has a rising wedge that looks pretty much complete. We are at the high side of the pattern. STO is high so lots of room to fall. 5 bearish divergences showing the new highs are weak. Worth a short position. Volume is insignificant compared to the volume spike on the first high. RSI is 64 and is weaker on each new high. Buyers are running out of steam....
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.
Not an ideal set up here for a long, looks good af to short though.. Will do that here and labeled fib levels which could offer support. Rising wedge in the works here and 300 looks at least to be tested soon.. possibly below that if the formation breaks down.
NASDAQ:NFLX there is more than one signal showing us that the price will respect the the AB=BC pattern . and the rising wedge .
Netflix - 30d expiry - We look to Buy at 281.11 (stop at 265.74) Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 1day EMA is at 276.80. The 1 day moving average should provide support at 276.80. Daily signals are bullish. Expect trading to...
Looking for a reversal on this consolidation from the gap fill..
As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322....
Netflix (NFLX) completed last week the Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). By doing so it closed yesterday above the 1W MA50 (red trend-line) for the first time since January 06 2022, practically when its Bear Market was confirmed. Since it started trading, NFLX has...
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....