So NFLX was ripping yesterday, somehow immune to price drops despite my shorting of a massive 1k shares:). Why? Goldman upgrades them this morning with a $400 price target because why the hell not upgrade a company when the PE falls below 100! Today's morning gap lines up with recent resistance around $281 and while sitting on the toilet I took a semi-fun size...
Anyone trying to short NFLX today is bitter as hell based on the fact this ticking time bomb of a bubble refused to give up gains today. Someone is clearly buying shares and there are a ton of shorts that can be squeezed. Nevertheless, the 61% Fib from 2018 kept it from breaking out. I'd be cautious here on the short side because if the market face rips higher,...
NFLX is approaching our first support at 205.72 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.34 (horizontal pullback resistance, 23.6% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching...
Besides many indications I have not drawn in, I see that price is stretched like CL (see link). Here at the WL (Warning Line) the air is very thin to dive deeper. I think the crew first needs a breather and grab some air. Therefore I see a high potential for a turn. Even a spurt up to the L-MLH would not surprise me. P!
NFLX @ Prediction , Crown (Bullish) Pattern?
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly, it works good for stocks and cryptocurrency. you will use heiken ashi chart style and turn on the EMA DOTS indicator. once the indicator is on you will hide the heiken ashi so you only see the dots. when a green dot appears you buy, if a green dot appears...
I think that we need to look after what will happen in general towards the world economy at the moment before to look specifically towards certain company or you know, the whole sub industry. I got some issues that it might be happening for crisis in 2019. It's quite terrifying but I can't wait to see what happen towards cryptosphere! At the moment the chart of...
Nasdaq is ripe for retracement. Should be one wave left in the retracement pattern, especially with most people moving towards heavy retail for the holiday shopping season. Don't expect the sell off to end before mid Nov.
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.
WELCOME TO DACAPITAL TRADING!! DAILY STOCK MASTER SIGNAL 1 HOUR Strong bullish open with instant jump above previous Highs 4 HOUR Bullish market after a pullback, following normal trend now OVERALL Very strong and bullish stock, following this trend. LEVELS BUY NFLX @ 370.70 SL @ 362.70 (820 Pips) TP OPEN, WE RIDE THE WAVE! „We will move our SL every day!...
Dear all, with regards to context if you don't understand the concept of Elliot Wave theory please take a few minutes to study it or my analysis will not be clear. I believe we are in the final wave of a bullish 5 wave structure in NFLX which started back in Dec. 17. I have not displayed the beginning of the wave count because there is more important recent...
We went long on NFLX on this demand level. Its always a better idea to go long on a discounted price. Cheers :)
Beautiful example of old resistance new support. NFLX bouncing off the 50 EMA | an old support at the $280 price range | and a fib, all good.
We will be going long NFLX if the bull pennant pattern comes to fruition. Along with the reaching of new highs of the Nasdaq this should be good for a decent sized move. Update on targets later on in the day.
After it held trend line support and with the break out from the triangle, it's time to go long NFLX. The spike volume also is positive and supports our hypothesis.
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