Technical look on $NFLX NASDAQ:NFLX with potential options play
Netflix makes $100 million commitment to support Black communities in the U.S.
As we come toward the end of this massive 10 month wedge, we must be patient. Throughout Covid, Netflix has performed rather well since the first wave, achieving 20% above previous 2020 highs.
Will Netflix moon into...
Hello Traders,
As we said in our last analysis of Netflix stock price , Netflix’s stock is showing good performance for long terms investment.
Actually if the stock could break the resistance Max M2, we could see a growth to the resistance Max M2.
However if the stock breaks the support down, we could see a decreasing trend.
🤔 Two patterns taking place as we hit major level of Resistance.
Bull Pennant or Inverse Head And Shoulders.
Price is being compresses in the green pennant formation.
Safest bet is to play the pennant breakouts to the up or the down / avoid the noise for now.
Once the break happens, next you will look to play those positions towards the green horizontal support...
For NETFLIX, we have a great increasment since September 2019. We have the support that represents the base on which the stock price rebound.
In general, NETFLIX Stock is going on an uptrend, so for long term, Netflix is a good choice.
A strong resistance point has not been broken since 2018, and it has been broken and strongly this year.
As shown in the chart, we note the return of the stock and the test of the previous resistance, then do a return to the top, confirming the strength of that area and confirming the possibility of buying
X Force Global Analysis:
In this analysis, we explore the technicals of Netflix (NFLX), the world's leading internet entertainment service, and arguably one of the biggest beneficiaries of the Corona Virus (Covid-19).
Analysis
- First of all, unlike most other blue chip stocks, we see a steady uptrend
- Counting Elliott Waves, we can count an Impulse Wave...
I think there are positive signals in #NFLX.. In the medium term, we can see an upward trend in the stock..
#NFLX is priced above ma 50 on the 4-hour chart, which is pretty positive.. Also, the reference value of rsi 45 seems very important for price movements.. I think after a short retreat, the price will go up in the medium term and will test the critical...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Netflix has broken above a wedge!
Currently sitting on top of a fib line
50MA can be seen to be rising
Looks good from TA perspective, however current market situation and economy is quite poor, with the coronavirus affecting the US.
Netflix is a great brand and has a great social standing
Risky buy
