Netflix (NFLX) has been trading within a long-term Channel Up on the logarithmic scale for the past 20 months. The trend is very aggressive to the upside and since the first Bullish Leg made a Higher High on February 03 2022 on a +130.30% rise, we do expect a similar % rally that would technically target a little below $800, so aiming at $750 would be a fair...
Netflix (NFLX) has gone a long way since our November 28 2023 buy signal (see chart below) that reached our $580 Target, giving more than +20% return:
As the price has been consolidating for practically 2 weeks, it is time to update our outlook for medium as well as long-term investors. The long-term Bullish Megaphone pattern that started on the July 13 2022...
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%...
Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months:
The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is...
NFLX engaged in long short competition
This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the bottom to top golden section of May 2022. As shown in the figure, Netflix's stock hit the strong pressure of 3.618 positions at the bottom of the chart against the golden section in mid July this year, and then fell...
Short-term top of NFLX has already appeared
This chart shows the weekly candle chart of Netflix's stock over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high point of Netflix's stock is exactly 3.618 on the golden section in the figure! The weekly pattern of Naifei stock last week showed a very...
NFLX is accelerating its rise !
This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the line between recent low points and low points, the horizontal line of the previous short start position, and the horizontal line of the long start position before making the top. As shown in the figure, Netflix's stock has...
Netflix (NFLX) has gone a long way since we called the exact bottom back on our April analysis:
Since then, the stock has formed a well structured Bullish Megaphone pattern, which is currently rising after almost touching its bottom. The 1D MA50 is the short-term Resistance and the 1W MA100 (red trend-line) the long-term. A break above it can see NFLX's...
Netflix (NFLX) completed last week the Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). By doing so it closed yesterday above the 1W MA50 (red trend-line) for the first time since January 06 2022, practically when its Bear Market was confirmed.
Since it started trading, NFLX has...
We've been bullish on Netflix (NFLX) since early Summer after the price held the 1M MA200 (yellow trend-line), which as we noted on our April 21 analysis, is the historical Support:
Even though the drop didn't complete the expected -80% drop, it did come close enough (-76.50%) and as you see the rebound since the mid May bottom has been massive already...
Netflix (NFLX) had its highest daily opening in over one year, rising so far +15.21% form a 240.86 close yesterday to a 277.50 intra day peak. This is of course a fundamental move due to the big earnings surprise yesterday (3.1 EPS against a 2.18 forecast). Technically, this brings the price just below the 1D MA200 (orange trend-line), which has been untouched...
Netfilx (NFLX) is having a historic weekly selling pressure after the negative quarterly report, which showed a loss of 200k subscribers, putting a stop to a growth for the first time in 10 years.
This chart on the 1W time-frame shows how the NFLX bubble popped in mid January 2022. The Jan 18 1W candle broke both below the parabolic growth curve (black) and the...
