Netflix, Inc.Long
Netflix Can Show a Good Show
Updated
Hello friends, today i am sharing one trading idea with you all in which i want to share my long view on Netflix with you all so as you all can see that the price is consolidating near a very old resistance and a few weeks back also it has tried to break it, so this time my expectation is that this resistance will be broken and the reasons behind this which i can see are as follows such as repeated attempts to break the resistance, bullish RSI on monthly, daily and weekly charts, good volumes and good sentiments of overall markets. So after the breakout i am looking at the rising trendline resistance as my target for this trade which will be around 950 and for this I would definitely like to see a weekly close above the resistance. You all can follow this idea on your desired timeframe mates.
Some fundamental and suscriptions related data-:
Looking at the last year, Netflix shows a quite strong growth in Revenue. The Revenue has grown by 13.00% in the last year. Measured over the past years, Netflix shows a quite strong growth in Revenue and the Revenue has been growing by 16.38% on average per year.
Netflix has seen many improvements in the last year, including:
Subscriber growth
Netflix added 17 million subscribers in the first half of 2024, bringing its total to about 278 million global subscribers.
Profitability
Netflix's profit margin and operating margin have improved in recent years, and are among the best in the industry.
New subscription tiers
Netflix added lower-priced, advertising-supported subscription packages, which diversified revenue streams and attracted new users.
Crackdown on unpaid account sharing
Netflix cracked down on unpaid account sharing, which helped drive subscriber growth.
Personalized content
Netflix uses its knowledge of what its users like to watch to create customized recommendations.
Simplified navigation
Netflix is testing a new navigation menu that moves from the left side of the screen to the top, and includes a "My Netflix" tab with content curated for the user.
That's all friends hope you like my work and will bosst this publication too, Thanks for reading.
Some fundamental and suscriptions related data-:
Looking at the last year, Netflix shows a quite strong growth in Revenue. The Revenue has grown by 13.00% in the last year. Measured over the past years, Netflix shows a quite strong growth in Revenue and the Revenue has been growing by 16.38% on average per year.
Netflix has seen many improvements in the last year, including:
Subscriber growth
Netflix added 17 million subscribers in the first half of 2024, bringing its total to about 278 million global subscribers.
Profitability
Netflix's profit margin and operating margin have improved in recent years, and are among the best in the industry.
New subscription tiers
Netflix added lower-priced, advertising-supported subscription packages, which diversified revenue streams and attracted new users.
Crackdown on unpaid account sharing
Netflix cracked down on unpaid account sharing, which helped drive subscriber growth.
Personalized content
Netflix uses its knowledge of what its users like to watch to create customized recommendations.
Simplified navigation
Netflix is testing a new navigation menu that moves from the left side of the screen to the top, and includes a "My Netflix" tab with content curated for the user.
That's all friends hope you like my work and will bosst this publication too, Thanks for reading.
Note
Hi mates, Updating this idea that price gives a weekly candle close just above marked resistance in this publication which was required for taking a long entry in this share but the closing was just above to the resistance and i am not getting any significant impact by this closure so from here i will wait for one more week and will wait for a good weekly close above which gives me more confidence as i have a big upside target for this idea and i am not in a hurry to doing a trade.
Note
Hi friends now updating this publication as it seems that price brekaout mentioned resistance and sustaing above very well too and acting that resistance as support too, as on 24th September after breakout on daily chart and closed above resistance at 722 levels and gives a weekly close too after at 719 levels which was required for a breakout as per description added in idea so for me this trade is active now.
weekly chart-:
Daily chart-:
Retest view and price breaking recent swing high too after breakout if close above can get fresh momentum.
Note
Hi mates updating this publication as price showing a very bullish move today of 10% up and ecatly taken support from marked resistance which worked as support this time according to support and resistance theory.
So after this bullish move i assume that this will give more strength to published breakout and we can see marked target too in coming weeks although still so far, One more thing you can see that how perfectly price took support from marked resistance sharing daily chart below.
Daily Chart-:
Weekly Chart-:
i am happy to see this move as trade position in running in good gains, Thanks for reading and supporting my publication mates.
Trade active
Hello mates updating this publication after many sessions as somehow i did not get an update option for this idea and might be a cause of sytem updation.
So as we can see today price reached 890 from 720 levels as per updated a breakout entry in above upadtes and now i am trading with 23% gains which i am considering as a good gains from taking an entire target of 35% from resistance zone so i am taking my half trading position gains for rest i will move my stop loss on cost and will wait for my marked target.
Thanks for reading and supporting my idea friends.
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