NFLX
NFLX - Going for 570. Will 662 follow after ? Good R/R setup !NFLX - Looks like we could see a rally up to 570 first, followed by 662 next but this view has to be evaluated anew once (if) price reaches 570.
Best is to wait for a push above 496 before buying, in which case Stops can be placed at 475 but I recommend using 458.8, just to give it some more room.
Ps: Notice that we have a potential Head & Shoulder pattern, building potentially the right shoulder.
NETFLIX path and direction possible breakout ?!Hello everyone
This is my Netflix idea for daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Note: price broke two important support orange line and green line
we remain bearish since price is trading below those two lines however
it seems that price is building a zone .. a demand zone and it lead to a breakout to the up side
to test orange and black line
ON RSI price seems to have a breakout need to confirm if those two lines hold as support
Netflix is preparing a rebound after its 20% drop from OctoberNetflix is being supported by the bottom of the rectangle + the 150 day moving average, which served as major support in the March 2020 crash.
I'm also seeing a lot of buying going into Covid beneficiary stock in the last few trading sessions, Netlflix being one of them.
This is currently my largest options position in my portfolio. This year has been a game changer for me trading options on large cap stocks. I've generated higher returns trading on 5-10% moves than on 50% moves in growth stocks.
A few reasons for this:
1) I'm more comfortable holding a leveraged position in mega cap stocks than I am in other equities.
2) Options on mega caps are highly liquid for retail traders.
3) The risk/reward skew on options are incredible if timed well.
My last analysis on Netflix was in March 2020:
Buy Signal: 484.53Ingenuity Trading Model- Swing Trading Algorithm used in all markets- Stocks, Forex, Futures, and Crypto
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NFLX UpdateI took a starter position at the retest of 477.50 and added on the STRONG bounce off the purple trendline.
Expecting to see 500-505 this week. And possibly 520 if we get news/catalysts.
NFLX has been following the same pattern the last 3 months. I'd say this is one of the slow steady plays, i recommend going with spreads or contracts with further out expiration to avoid time decay.
Scale in on support, scale out on runs!
Devouring Netflix with Point&Figure analysis. Market Top. SHORT.Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again but then broke the uptrend line and generated a Double-Bottom sell-signal.
Following the double-bottom sell, it fell by a further two boxes before being supported by the original uptrend line. It then rallied upwards but couldn't reach the second uptrend line which suggests this trendline now may switch to a resistance role. The price sunk below the original trendline for the first time and generated another double-bottom sell at the level of penetration, falling a further two boxes after the double-bottom signal box. It barely snuck above the original trendline before sinking down, albeit at a higher low. What followed was a strong rally which broke through the original trendline but was met with resistance from the most validated trendline.
After very brief congestion, the price rallied through the most validated trendline by 4 boxes. This questioned the resistance power of this trendline. Though it is thought this 4 box rally above was an attempt to reach the previous all-time high. A pole developed and sunk the price through this trendline and then the original trendline again, and created a triple-bottom sell. The next X column failed to come close the original trendline. A catapult then formed with a double-bottom after the triple-bottom. The next X column failed to touch the original trendline before another double-bottom sell-signal was generated. Two downtrend lines have now formed but the area of support is yet to be full broken.
My impression is that we are experiencing a market top and that a potential reversal is imminent.
Things to look out for:
- Will minor downtrend be penetrated?
- Will major downtrend line be penetrated?
- Will the area of support be penetrated?
For a short, anticipate:
- the second downtrend line to be validated
- the area of support to be penetrated
- a double-bottom sell-signal or better
NFLX H16: SHORT IT: TP bears is 25%/35%(SL/TP)(STOCKS)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
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NFLX H16: SHORT IT: TP bears is 25%/35%(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NFLX 16hour chart review and outlook
::: maxed out already
::: Currenly in distribution stage
::: SHORT IT and get paid
::: expecting break down this week
::: runaway BEAR gap as well
::: recommended strategy: SHORT IT
::: TP BEARS is 350/360 USD 20% gains
::: SHORT/HOLD setup
::: DO NOT expect overnight gains
::: This is stock market
:::Not casino in Macau
🔸 Supply/Demand Zones
. N/A
🔸 Why should I follow your setups?
:::Check track record it's all been posted
::: MRNA 200%+ gains, NVAX 300% gains, REG 60%
::: AMD 40% gains and a lot more in 2020
NFLX being hammered by competitions.Walt Disney Co (NYSE: DIS) shares gained 2.4% on Friday after the company reported a better-than-expected earnings loss in the third quarter and said its Disney+ streaming service now has more than 73 million paid subscribers.
Disney reported an adjusted third-quarter EPS loss of 20 cents, beating Wall Street estimates of a 71-cent loss. In addition, Disney reported $14.71 billion in revenue, ahead of analyst expectations of $14.2 billion.
By combining its 73.7 million Disney+ subscribers, its 36.6 million Hulu subscribers and its 10.3 million ESPN+ subscribers, Disney now has roughly 120 million total streaming subscribers compared to about 195 million subscribers for Netflix, Inc. (NASDAQ: NFLX).
Disney also announced it's suspending its semi-annual dividend as a defensive measure due to the pandemic and as part of its plan to prioritize investment in direct-to-consumer businesses.
NFLX AnalysisBeautiful setup on NFLX!
Ideal entry: 477.50 OR purple trendline
1st PT (safe exit): 505
2nd PT: 520
Final PT: 560 OR blue trendline OR ATH
I expect NFLX to reach ATHs by the end of Nov.
The best part about nflx is that it's lockdown proof. Meaning with a bullish market nflx goes up, even with bad covid news nflx still goes up.
NETFLIX price action for Short term !5 month of uncertainty and Neutral trend for NFLX , But a good positions for short term trading , Buy from the Bottom of the channel and sell from the Top .
Fundamentals : The corona virus has increased again and possibility of cities Lockdown can be positive for Stay-at-home Stocks .
Price Action : Price placed at Bottom of the Channel also the 200 Day moving average is close to the price , So this Level can Be the Good support
P.s : Due to divergence, buying Netflix is Not a Good idea for the long term .
NFLX Long 4:1 R:RNFLX is at support, which has held a few times already.
Although the recent news about Pfizer's vaccine had a negative impact, the company did benefit from subscriber growth during the pandemic and is in overall a good spot.
I see this trade as worth taking, considering the R:R ratio but will nevertheless be cautious, as tech might continue to trend down heavily duo to the vaccine news.