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....
FREE #OPTIONS Ideas Scale out when above 25% Profit NASDAQ:MRNA 91C>90.50 | 87P<87.72 NYSE:DIS 113C>112.42 | 111P<111.30 NASDAQ:NFLX 600C>595.05 | 575P<579.41 NASDAQ:DKNG 46C>45.22 | 41P<41.98 Let me know if you like these setups and I will post more - drop a like!
Ovrbought, selling pressure may come into play resulting in gap fills. Potential pullbacks incoming.
Going over NFLX price action last few weeks. what our plan is what we see the market is telling us. we're positioning for what the market does vs what we think will happen. we have a dynamic plan and thats the way we're going to trade NFLX next week.
Expecting a gap to 504-510 following the report today, then continuation to 520 by 1/31/2024. - After it hits 520 it will pullback to test 504-510 for support - Then continue to 556 by mid-late Feb. 2024 ~Stop loss 464
This idea is an update to my original idea "Earnings Pop to 520" (see link). NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target). Once we get this break it will take the following path - expected path is the black arrow: - Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest) - Pullback to test 577 for...
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...
The results were outstanding, the earnings, one of the best, the content gets better, the password debacle, forgotten. Netflix is going back to where it was before the slide. The analysts seem to think even higher, the current place of determined bulls is to send the next wave into reach the next milestone in its journey to the top, and the 600 place.
Netflix here looking for a possible rebound in the upside after reporting strong earnings followed by a small consolidation. The previous power earnings gap resulted in huge positive gains, and now history shall repeat. My target range for the next few weeks is 600-620, and I wish you all the best.
In its past NFLX got through the Covid downturn with only a 10% correction, then went through a rise into a year of consolidation and finally another big trend up which reversed badly in Winter 2021. After a business model adaption and modification of subscriptions and password/account sharing protections, price has made great gains. On the weekly...