i recommend sell nflx at this levels ..as you can see here
The range resistance level could be broken upwards with the minimum target level around 720.
Trade Idea: 9/3 600C over 593. .....................................
NASDAQ100 cycle and Fake sense of wealth is now on borrowed time
NASDAQ:NFLX is currently at level 2 rise. This is why I'll say this is a 5/10 risky trade. Now, its important that we understand this M formation could mean the retrace of level 2 rise. I'll explain you why I think NFLX will drop. First of, we can see in the 1h time-frame we are in level 2 rise. We already broke the level 1 high so Market Maker can now retrace....
Netflix has been chopping for more than a year now and consolidating really hard, but with a clear emphasis on the upside. It's still showing signs of strength and could move much higher pretty soon given that it's been in this range for 14 months. Don't know much about the financials of Netflix but I do know it's growing and is one of those companies that has a...
Entry price: 559-569$ Target price: 502-510$ Keltner Channel: the price crossed the upper boundary. RSI: indicator crossed 70 level, the market is overbought. Therefore, the bearish movement might occur. Conclusions: RSI and Keltner Channels suggest the trend retracement. The short position is recommended after the price rejects from the resistance level. no...
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NFLX, similarly to AMZN, likes to consolidate for long periods of time prior to large explosive moves. If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to...
AFRM 1D I Just as expected AFRM broke from an inverse H&S and saw a 40%+ move last week after announcing a new partnership with Amazon on Friday. NVDA 1D I We caught a near 10% move on NVDA last week after breaking out from ATH. Semiconductor stocks showed above average strength last week. AAPL 1D I AAPL average price target is $165. After reporting earnings...
From the daily chart, looking at the ever strong Resistance of $557 Supply level that has been rejected more than 5 times since IPO, indicates that NFLX might be rejected once again. At 1HR chart, we can also see a triple top rejection at $556/$557 during the day. RSI is highly oversold. Expecting a downwards rejection on the strong resistance. However, if Nasdaq...
Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The index FANG (FNG1!) has been in a rangebound price movement after hitting resistance around the 7400 price level in mid February 2021. FANG held support at 6050 and made a second attempt to break above 7400 in mid July. After that failure the index quickly found some support around 6800...
Another frustrating stock since around Summer of 2020 with major consolidation. This is a sleeping giant, similar to what happened to $NVDA. Again, time is your friend here but I expect this wedge to break for upside continuation. My fractal path is outlined in light blue. Upside target is $600+.
Netflix is chilling at the moment and has been moving sideways now for a year now. We saw some fast growth in their share value following the peak of the pandemic, but the buyers have not been able to keep up the momentum. Consolidation periods usually follow strong trends but if the overall strength of the stock is still there, then price should be able to...
Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied. Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied. Leave your thoughts in the comment section, I will reply to every single one of...
It will continue in a downtrend until reaching the support area At 333.69 & 295.20
Hi Guys, today we will share our view on NFLX. We think its an interesting chart due to the massive correction we can observe since July 2020 What is our plan? First of all, we want to observe a breakout. We are not interested in trading inside the current range. The level we will use to confirm the breakout is 600. IF the price reaches that level, we will...