NFLX has made a Triple Bottom this week on 1D (RSI = 45.541). This calls for an immediate test of the 385 Resistance which is our short term TP.
There is however an interesting development on 1W as well. This Triple Bottom may provide the base for Netflix's new Bull Cycle as in mid March a Golden Cross took place (1DMA50 crossing above 1DMA200) and the price has...
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.
Elliott Wave view on Netflix (NFLX) shows an impulsive structure from May 2 peak ($386.26) . The move lower from May 2 ended wave 1 at $342.5. Internal of wave 1 subdivided as a 5 waves where wave ((i)) ended at $377.25 and wave ((ii)) ended at $385.16. Down from there, wave ((iii)) ended at $352.75, wave ((iv)) ended at $365.26, and wave ((v)) of 1 ended at...
My hands are itching from years. $53 is not a typo. Wall st. Gave it a chance to grow, and it did grow, now wall street needs the investment back but they are not even profitable. No one steals with wall st. And get away with it.
NASDAQ:NFLX
Netflix, Inc.
Information:
Our figure is a divergent moving triangle less common.
1) Breakdown deal
2) Execution of the second impulse
3) Magnet - price $400
About stop loss:
Stop loss is placed at local minimum.
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Buy Limit = $375.00
Take Profit = $397.77
Stop Loss = $365.64
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Profit:Risk = 2.43 : 1
Profit:Risk = +6.07% : -2.50%
Every time I short this, I don't know how it manages prop up like this. Wall st.manipulation. lets see a -10% day move this week. The market is dummmmmmmbbbbb.
This is my last average else will have to take $2500-$3000 loss.
I have been looking at stocks a little bit on the side, once in a while, for a long time.
Now I think I have to really get into it, the way I do things (the RIGHT way is the name I think),
I just look for good opportunities, I don't focus on just a few and try to force money out of the market (lol).
And with currencies, well......
I wanted to see how low it can go... it is surprizing. I would cover at 60 and wait for the consolidation if this scanario plays out with 100% accuracy...
Just hope no egotistic person is long on NFLX.....
CUZ THAT WOULD BE FCKING HALARIOUS!
Daily Chart:...
I'm putting on an iron condor trade due to fading trend sideways movement may lead to a lower price.
SPY is sinking slowly due to trade tensions.
310/315/375/380 EXP June 21 145/355 Profit/Loss
Max profit I want to take out of this trade is $80 and max loss is $160 as per guidelines drawn.
This is a journal entry and not trading advice.
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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NFLX
