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.
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.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
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!!
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? :-)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.
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Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.