1st,2nd &3rd support will play as powerful defenders on the downside.
Outlook: wait for a bounce to hit EMA 12, 26 on hourly before taking any short positions
Faang composite and my prediction for the next couple of years. White line is projected price action, which I believe will be controlled by Algo trading bots.
I think NFLX is going to keep heading up till earnings.
It has a pretty interesting pattern of doing so.
It's above it's 200, it's 50dma recently crossed upwards.
So it seems like a good candidate for a neutral to bullish strategy. I'm thinking Short Put Vertical. (which would as far as I can tell mean that as long as the stock stays above the midpoint of my...
I believe Netflix will continue its rise tommorow but i believe once it hits the 127.30% fib level it will begin to fall once it hits 380 I plan to buy some puts.
Apparently I was right, it is the same crap as last May. Just broke out. (I didn't even have to touch my chart, the arrow is from my previous post.)
Looks like they wasn't to short squeeze this to a double top for April earnings. Screw fundamentals, lol. What's the PE ratio on this, 140? Or 300 if you extrapolate last quarter only. Sorry but I have a hard...
Expecting a crash of 70% or more. Competition is heating up and Netflix's field of expertise, streaming, is now getting cut open and used everywhere. Technology is there for anyone and everyone to stream video. Streaming video used to be incredibly challenging - with cloud computing it is now easier than ever. Big media players are entering their space this year...
Shark and cypher patterns often occur simultaneously given their similar shapes and ratio requirements. Here w/ NFLX it's finally moved into shark territory. Seems like it's getting ready to start the 2nd leg of a measured move or break out of a cup n' handle pattern. The move today already sets into motion some kind of inv H&S to 398 potentially.
Important...
Up then down. Should be a nice little bull trap coming here in the next coupla days... Target 367 then 352. Holding calls until Wednesday. Three drives are tough to find so hopefully this one plays out.
$NFLX has been trading sideways for the past month or so. Having fallen out of its bearish ascending wedge, many traders were anticipating a fast decline. However, $NFLX after falling out of its bearish ascending wedge, has been placed into a new channel. Ping-ponging around the new channel, $NFLX's path of least resistance is down.
Daily RSI, Money Flow is all...
Head and shoulder formation has appeared on Netflix.
The price might move to 319 level faster than we expect. The possible breakout at 319 level can cause a drop below 300 level
Netflix, Inc. is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States. The Domestic DVD segment includes services, such as digital optical disc (DVD)-by-mail. The Company's members can watch original series, documentaries, feature films, as well as television shows and movies directly on their Internet-connected screen, televisions, computers and mobile devices. It offers its streaming services both domestically and internationally. In the United States, its members can receive DVDs delivered to their homes. The Company had members streaming in over 190 countries, as of December 31, 2016.
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NASDAQ:NFLX
