It is profit booking for sure, there is clearly a Red TrapZone and Red UMVD in place for now. So only shorts are active now for Netflix.
TrapZone and UMV combined together are complete automated technical analysis indicator package. You get to clearly see in Realtime the market trend strength and volume confirmation.
Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise:
Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30%...
NASDAQ:NFLX looks like a great short here. Took some puts Nov 24 $437.5 and $435.
I'm expecting a retracement down to at least $413 or $396, however lower targets also possible (hence why I added the to the chart).
It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already...
Internet television network Netflix (NFLX) has a commanding lead in the streaming video market but its growth has slowed. NFLX stock cratered in 2022 after the company reported two straight quarters of subscriber declines. However, after a corporate course correction, some people might be wondering: Is Netflix stock a buy right now?
Subscriber Growth Drives...
Netflix's stock in 2021 has been a rollercoaster, starting with a strong 62% rise by July, nearing the $500 mark, before experiencing a sharp downturn. The stock fell below the crucial 200-day moving average to around $370, marking a significant 28% drop, but found some support at the weekly 50-day average near $350.
The Q3 earnings report was a turning point,...
NFLX short - take profit before earnings?
I shorted Netflix at $430. Up 20% on the position. Take profit before earnings tomorrow? What's your opinion on NFLX? Bear or bull? The mainstream media seems quite ambiguous ahead of earnings.
I took a lot of profit this year so I thought about sitting on it until next year. But I could also dump some of my NVDA short...
I have recent calls on the SPX
SPX ES - Welcome To The Fourth Quarter Rodeo
The Nasdaq
Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye?
SPY
SPY - Did We Bottom, Or Is Manipulation Coming?
And Tesla
Tesla - Remember, The Ponzi Always Continues
Which generally have a bullish-into-year-end thesis accompanying them, but caution...
Netflix (NFLX) has established itself above the 1D MA50 (blue trend-line) since the aggressive price jump of October 19 on its bullish earnings. Still, the price is failing to break above the top (Lower Highs trend-line) of the blue Channel Down and technically the longer it fails to do so, the higher the chances become of a rejection. Until that happens, we can...
Netflix was being accumulated well prior to the POP> Check out how Unusual Market Volume Detector Identified the BUYING after Price divergence on the 12th OCT.
Netflix's stock surged 16% due to a 70% spike in subscribers for its new ad-supported tier, adding over 8 million users.
This pushed the global subscriber count to 247 million, marking the largest growth since Q2 2020, a period influenced by pandemic-driven home entertainment demand.
Financially, Q3 earnings exceeded expectations: projected at $3.49, they...
To follow up on my analysis of NFLX from Wednesday ...
Despite the market moodiness and selling, NASDAQ:NFLX reported well above estimates.
HFTs triggered a huge gap up on heavy pre-open order flow yesterday. Volume was also huge, so smaller funds' VWAPs triggered and retail traders chased the stock while Pro Traders and HFTs made some big profits.
Gaps up...
Netflix made a huge price jump today, opening on the MA50 (1d) for the first time in more than 1 month.
It remains under the Falling Resistance, but held the Rising Support trend lines of the Bullish Megaphone.
Trading Plan:
1. Buy after the price crosses over the Falling Resistance or if it hits the MA200 (1d) again.
Targets:
1. 508.45 (January 20th 2020...
Yesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report:
→ earnings per share = USD 3.73, expected = USD 3.49;
→ revenue = USD 8.54 billion, a year ago = USD 7.9 billion.
→ the main surprise is that the number of subscribers grew by an impressive 8.76 million in the...
While we all wait on the highly anticipated NASDAQ:NFLX earnings report at the close today, let's study the weekly chart to study the downside potential since the stock gapped down today on expectations of a weak report.
Netflix’s percentage of shares held by institutions has recovered to a respectable 79%, which is more consistent with a company that is in...
Just a technical look..
Technical view means only analyzed chart and nothing else..
This analysis can be easily completed and the time frame is high, so it will take a lot of time.
