Bitcoin market cap surpassed that of Goldman Sachs and then after breaking the parabolic advance Bitcoin dropped 70% from its ATH.
Netflix market cap surpassed that of Disney, the right catalyst cause a break of the parabolic move and offer a great shorting opportunity.
Entry
Break of the parabolic advance and fail to create a new high within a reasonable...
The next FANG stocks to fall after FB might be NFLX. Giant HS pattern with my indicator breakdown already at the right shoulder. If HS breakdown, the short TP will be ~200
Possible Gap -> Gap short opportunity after its downtrend after major parabolic advance was broken.
385 proved to be significant resistance before, I will be hoping it can yield another great trade again but with greater results.
332 would be a logical TP, then filling the gap at 227 would be my short target, the gap at 194 (where decent VPVR backed support is)...
Just finished listening to the #Netflix earnings call today. It seems that this platform business model has plenty of international upside as they move towards penetrating the Indian consumer entertainment market.
As of right now we're seeing the stock gap up massively back to all time highs which is signaling to me more upside to come.
It's interesting how...
Are you wondering where the trendline is? Well, I don't like being the guy who's giving you bad news all the time, but that impelled me to be here, to avoid people failing because you are just part of an external plan.
Is this asset overvalued? I think so, even more than Wall Street expected, which is a value per share around $382. In my case, my PV is around...
AT40 = 13.2% of stocks are trading above their respective 40-day moving averages (DMAs) – a 4th oversold day (below 20%)
AT200 = 33.6% of stocks are trading above their respective 200DMAs
VIX = 21.3 (no change)
Short-term Trading Call: bullish
Commentary
All eyes are now trained on the stock market’s critical long-term moving averages as oversold conditions...
With broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff.
For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction...
Earnings this week is key of course. If we get another negative quarter, then this will break the head and shoulders neckline and confirm a likely large downward move. Based on distance of head to neckline, the downward move after the break should be roughly 30%, giving a price target of around 230. Not a bad idea to play this more conservatively however. FWIW,...
that gap fill is coming and will drag the entire US stock market lower next few weeks. You've been warned!
Major implication for BTCUSD also. Stage 2 of the dump in QQQ is coming sooner then later.
stay safe!
There appears to be a rising support line which the price action does cross occasionally. I'm expecting the price to dip below it slightly as the RSI drops, then look out for a bullish reversal.
Hit like if you agree.
NFLX - massive run up will start late october into early november. up to 40% upside is possible with this technical setup.
Buy dips later this month. Detailed SL/TP - please review my mark up on the chart.
As always, please upvote my review if this adds any value to your trading and to make sure I come up with fresh ideas next.
Have a nice day, traders!
Again as per my previous forecast:
2018-09-09: Looking at stochastic, it seems to be a rebound at stoch 20 level. Possible buy up to resistance level (red area)
Looks like NFLX is pushing top of the trading range here in the pre-market. It's had several false starts but the $FDN internet stocks all seem healthy this morning. $NDX looking healthy. Time to keep eyes on $NFLX and $FB here.
