Have you ever wondered what happens when a growth stock, well, doesn't grow anymore? Netflix is, at the moment, just a few bucks (I mean billions lol) below the 100 B dollar market cap. kinda big uh? it's like 100 unicorn start-ups together :D Anyway, let's get to the point. In the past, the company now considered OLD for us, the younger, simply exists, and they...
#Netflix looks good on chart to hit ATH and then some. Weak below 565.
The share is quite overbought, and more importantly, it is similarly above Keltner as a much earlier period, where a large decline took place after. Strategy SELL @ $ 600-630 and place SL above $675, and take profit @ $ 500 or lower.
This video breaks down how i took a trade on NASDAQ:NFLX short today and how to avoid the mistake of taking reversal trades when using the RSI and MACD indicators.
Netflix will likely have a pullback based on recent price action next week Mar 11-15, 2024. Below 590, my target price for the pullback is around 550-555 support.
hi Traders, The price has been in the uptrend since June 2022. The price has formed a bearish divergence, however we are expecting that the price will go a bit higher to retest ATH from 2021. This level should be acting as a strong resistance therefore it could be a good entry for a short position. The stop loss should be placed above the resistance. Our target...
... for a 3.45 credit. Comments: Earnings play with the announcement today after close. 3.45 credit on buying power of 6.55; 52.6% ROC at max; 26.3% at 50% max. I'm basically looking for two things here: (1) IV contraction post-earnings; and (2) price to stay within the expected move, which the options market is pricing in to be about +/- 43 handles from...
the stock as we now in a major big uptrend and now it's going through a sideway direction , we can buy by the breakout of this sideway area above( 565 - 570) TP 1 : 582 TP 2 : 602 TP 3 : 620 SL : 554 stay tuned for updates >>>>>>>>
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...
NASDAQ:NFLX looks like it's setting up for a final move into resistance. It just broke above resistance and reclaimed it as support. Now the final thing it needs to do is break up above the trendline. If it can do that, then I think we'll hit one of the final two resistance targets. Let's see how it plays out.
the detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools. We can expect that Netflix Rise up more to reach the golden level and at this point ,a bearish butterfly pattern will start. To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your...
Aroon Indicator: Identifying Trends and Momentum The Aroon indicator is one of several technical analysis indicators that traders use to identify the direction of trends and establish when they are set to reverse. In this FXOpen article, we describe how to use the Aroon indicator to buy and sell stocks as well as other assets and explain why traders use it in...
NASDAQ:NFLX has shown some decent strength recently after an earnings report. It has held the gap below as support and recently broke out of the consolidation. It is also good to point out that it retested the prior high and we can see it is an area of support. Looking to play it safe here and take it long over the $600 whole number!
Looking at the relative strength of NFLX is quite impressive. We are also looking at the potnetial for XLC to return to 80 here which could provide some tail wind. Good luck traders!
Unlike many big Nasdaq-100 companies, Netflix is below its 2021 high. Could that change for the streaming giant? The first pattern on today’s chart is the pair of bullish price gaps after the two most recent quarterly reports. The upward moves may reflect confidence that the company’s fundamentals are improving again. Second, NFLX made a higher high last week...
Great hourly double bottom shaped yesterday on Netflix chart. The context looks good: we are in the correction wave on daily with retracement ~50%. Broad market also recovered yetserday and looks strong. I'll be defintely watching reaction near 586 level, where strong sell-off occured on Tuesday, with a goal to enter on the next hourly higher low
Date : 23 Feb 2024 Main Trend : Up preferred Transaction : Buy Reasons : mentioned on chart Technical Analysis success at level : 684 $ Technical Analysis fail at level : 535 $
Short Term Elliott Wave View in Netflix (NFLX) suggests that cycle from 12.6.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.6.2023 low, wave (1) ended at 500.89 and wave (2) dips ended at 461.86. The stock extended higher in wave (3) towards 579.64 and pullback in wave (4) ended at 548.93 as the 30 minutes chart below shows....