NFLX Netflix Inc. Stock Analysis and Buying Opportunity

Updated
Netflix Outlook
Netflix’s Q4 earnings are projected to sink over 39% according to the market participants consensus. Luckily, the firm’s adjusted full-year earnings are projected to skyrocket 110%. And the company’s fiscal 2019 EPS figure is expected to come in 57%.

At the other end, NFLX’s Q4 revenues are projected to climb 28% to reach $4.21 billion. Meanwhile, the company’s fiscal 2018 revenues are projected to reach $15.84 billion, which would mark a 35.5% surge. Netflix’s top line is then expected to jump 26% above our current year estimate in 2019.

Technical Overview:
U.S Stock Market sell-off sent the stock 9 months low and the stock ended the week at 265 $. Now we are in a HOLD mood.

A Bullish Alt Bat pattern is being printed on the weekly chart. NFLX is likely to test 250 $. We will look for a buying opportunity at 250 – 245 region with stop loss below 220 $. Our targets will be 270 $, 300 $ and 320 $.

REMINDER: This is just a technical study and cannot be considered as an investment advice.
Note
We have reached our first target. The breakout of 270 will carry the price 290-295.
snapshot
Trade active
We have reached 293 $. A break above 297$ will carry the price 310$. We took our profits and move our SL to entry. Waiting for 310 $.
Good Luck
snapshot
Note
We have reached our target. Another bullish candle and we set the new target 340. I will update at 340. The real bullish game will start above 340.
Trading’s got nothing to do with luck!!
snapshot
Note
We have reached our main target...Let us take a breath for a while...We will focus on the breakout of 350. A minor correction may come here caused by a bearish shark... It was a good trade...Thanks to NFLX family... Did somebody say 400? :-)
snapshot
Note
Another big trade of the year was Palladium...You can continue to ride it as well. The new Gold of the 21st Century.
I hope it pulls back to 1250.
Palladium Forecast: The dream came true and there is more to go
Beyond Technical AnalysisChart PatternsnetflixNFLXTrend Analysis

For alerts,special reports,news and singals over 15.000 + instruments our free discord channel

discord.gg/4DrmXHfvnG

About AI Discord Channel: bit.ly/470HjmP

Ücretsiz Discord Kanalımız
discord.gg/4DrmXHfvnG
Also on:

Related publications

Disclaimer