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NFLX

$XLC a bottom bounce and an interesting observation. Happy Labor Day Weekend Chart Watchers. Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view things in terms of weeks, months and years. This is the chart I use 99% of the time. The chart is a weekly candle chart utilizing a 10 Period EMA moving average and a 40 period SMA moving average. These are my primary trend following tools. My primary oscillators are the RSI and the Mansfield RSI. I'm sure everyone is familiar with the RSI indicator. For those of you not familiar with the Mansfield RSI it is comparison tool with a 52 period moving average overlaid. Basically it is a ratio chart turned into an indicator and made popular by the Stage Analysis Method developed by Stan Weinstein. Most investors use "ABC/SPY" as their ratio comparison chart. I use ITOT as I like to compare the stocks I am looking at against the entire market, you get the idea. XLC is roughly down 30% YTD. It is the 5th Largest Weighting in the S&P, not an insignificant sector. This chart shows the following: a sector clearly in a downtrend as it is below both moving averages. a weekly candle testing the support created by its previous closing low. As the sector made new lows from March through June, RSI clearly bottomed. The sector made a low in June and then tested its low again at the end of August (to the penny I might add). As this happened RSI swung higher and created a positive divergence. Very interesting! I think this sector is setting up for a bounce higher going into the end if the year. The Mansfield indicator is still showing a sector suffering from underperformance. If you are someone looking for relative strength to confirm absolute strength then look for the Mansfield indicator to take out the 0.63 level. Observations: if the worst performing sector of the year holds its lows while the overall market is under pressure does the S&P trade below its June lows? If the worst performing sector turns around and swings higher, what is the overall market doing in that scenario? Its probably moving higher. Obviously if this sector breaks lower then the June lows on the S&P are most likely taken out. However, the evidence as I see it today argues for lows to hold and for a swing higher into the end of the year. Happy Charting!!! Thanks for reading. Good luck to all!
AMEX:XLCLong
by Breakout_Charts
2
Netflix Analyze (Double Bottom Pattern)!!!Netflix made a Double Bottom Pattern near the Important Support Line; after that, it broke the Necking line with a candle with enough volume. I showed you the zone where you can take your profit. Netflix Analyze Daily Timeframe (Log Scale /Heikin Ashi)⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:NFLXLong
by pejman_zwin
9
NFLX Potential for Bearish Drop| 17th August 2022On H4, with the price is below MA and ichimoku cloud, as well as the MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 244.84, which is in line with the 61.8% fibonacci projection, 23.6% fibonacci retracement and pullback support to the take profit at 241.69, which is in line with the 38.2% fibonacci retracement and swing low support. Alternatively, the price may rise to the stop loss at 248.84, which is in line with the swing high. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:NFLXShort
by Rockqet
4
NFLX - Technical analysis - BEARISH My technical analysis for NFLX and why I am Bearish on the stock My thought process/indicators: 1. NFLX has been in a downtrend since DEC/2021 2. Price is rejecting the Parallel Channel 3. TMA-RSI indicator is showing potential divergence 4. Weak support zone at 168.05$ My trading goal (R:S=2) 1. Wait for the price to break below "Consolidation" and ''Support." 2. Wait for closing 4hr candle before shorting 3. Set stop loss at: Consolidation zone ($185) 4. Set Profit target 1: $133 5. Set Profit target 2: $179 As allways, I am open to suggestions and comments, let me know what you think Cheers and happy trading!
NASDAQ:NFLXShort
by janikMalo
3
Netflix: Buy Netflix and Chill?Netflix - Short Term - We look to Buy at 207.40 (stop at 185.40) Continued upward momentum from 164.28 resulted in the pair posting net daily gains yesterday. Price action looks to be forming a bottom. Previous resistance level of 207.41 broken. We have a Gap open at 333.22 from 19/04/2022 to 20/04/2022. Further upside is expected although we prefer to set longs at our bespoke support levels at 207.40, resulting in improved risk/reward. Our profit targets will be 330.00 and 400.00 Resistance: 248.70 / 329.82 / 333.22 Support: 207.41 / 169.70 / 164.28 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXLong
by Saxo