On the M15 chart the trend started on Aug. 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 631.71
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Netflix (NFLX) has been consolidating above the 1D MA50 (blue trend-line) since the August 20 High and is on the exact same level where during all previous Bullish Legs of the 2-year Channel Up, it ended the consolidation and moved to the 2nd rally of the expansion phase.
This is also evident on the 1D RSI, which is about to start a Channel Down that in previous...
Volatility Index (VIX) - The Drama King
Let’s kick things off with the Volatility Index, aka the market’s drama king. It’s like that one friend who always makes a big deal out of nothing—spiking dramatically whenever the market so much as sneezes. Recently, it shot up faster than a caffeine-fueled trader on Monday morning, but now it’s calming down a bit, hovering...
Netflix Inc. (NASDAQ: NASDAQ:NFLX ) continues to capture the spotlight in the investment world, with Evercore ISI raising its price target from $710 to $750. The decision to increase the target stems from robust survey results and an optimistic outlook for the streaming giant, reaffirming Netflix's position as a dominant player in the entertainment...
Key Takeaways:
- Netflix shares hit an all-time high on the back of a significant increase in upfront ad sales.
- The company reported a 150% surge in advertising commitments compared to 2023.
- Strategic moves in content, technology, and live events have bolstered investor confidence.
Netflix ( NASDAQ:NFLX ), the streaming giant that once dominated the...
Netflix (NFLX) Shares Reach a Two-Month High
As shown on the daily chart of Netflix (NFLX) shares, the price surpassed the July 19 peak around $677 on Friday but closed well below the day’s highs. Notably:
→ Since August 5, Netflix (NFLX) has outperformed stock indices;
→ The stock has risen by about 15% from the August 5 close.
Will the rally continue?
...
Market Insight: NFLX (Netflix, Inc.)
Our predictions have highlighted key moments for investors:
• First Green Line (August 12th, 2024): A potential buying opportunity, as market conditions stabilize.
• First Red Line (October 28th, 2024): Consider taking profits or reducing exposure before possible market downturns.
• Second Green Line (January 6th, 2025): A...
Short Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at 655.54 and...
Trading at 30% below estimate of its fair value
Earnings are forecast to grow 21% per year
Earnings grew by 108% over the past year
Analysts in good agreement that stock price will rise by 29%
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NASDAQ:NFLX while it's been a nice 300% gain over the last year 2 years, I think the trend is starting to reverse.
If you look at the chart, you'll see that we've formed a double top. You'll also see the price has held the trend line fairly well on the way up. Now we've rejected it twice and I think that price is heading much lower from here.
I think we're...
Just an idea and trade at your own risk.
Netflix looking bullish on its weekly timeframe and still in uptrend channel.
After testing the lower of the uptrend channel at area 150, uptrend is resuming and possibly to the upper channel of the uptrend.
NASDAQ:NFLX daily chart is showing a bullish shark harmonic, with the entry point at D corresponding to the critical daily 50 SMA. The first profit target at B corresponds to the daily 34 EMA, and the second target at C corresponds to the daily upper Bollinger Band. NASDAQ:NFLX starts off the NASDAQ:QQQ earnings season, and reports after market close on Thursday.
Back in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly.
Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%....
Personally don't like Netflix business model focus right now.
Too many voice overs foreign movies, Producing too many low quality shows and movies.
NFLX falling behind the competition this Year only reason I have it now is because T Mobile offers Netflix for free.
I Could Be Wrong but Do not see netflix as a buy right now.
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.
