Get started

Netfix

NFLX Breakout Coming, Upward Pennant & Supporting TechnicalsNFLX staged an excellent Christmas rally, but the steam got let out of the tires on their earnings call due to their cash burn. It seemed that everyone's favorite winner suddenly needed some reality to check in on its cash earnings. Fast forward nearly a month later, and fears of a recession are subsiding with the Nasdaq rising up over the 20 and 50 day averages and beginning to test the resistance on the 200 day. Maybe it's time for one of the Nasdaq darlings to begin to rally again? The price action has more room to run with an RSI just above 60 and the MACD histogram flattening out indicating that a looming breakout will be happening any day. ADX is still reading above 25 indicating a potential for a trend continuation with DI+ rising and DI- falling simulataneously to support the theory that the breakout will be an upward direction. Short interest has started to rise for the bears hoping for a downward breakout, but still firmly below 10% of the average daily volume and an increasing volume on up days has the appearance of bullish big money investors buying up. I have been holding since last week and anticipate some upward price action with a stop limit in place that I'll ratchet upward with a trailing ATR strategy for profit retention. If you agree with my theories, this could be a good buying signal, or you could wait a few days for confirmation before following on a future upward breakout.
NASDAQ:NFLXLong
by chuckination
12 Years of BearFlix- Expanding symmetrical into a Fifth-wave Truncception. - Hence, simple Bull exhaustion, instead of a climax for this bubble to bleed out over the next 12 years. Fundamentals: Streaming services as a concept are great; however, Netflix itself has grown corrupted by the poisoned fruits of Cultural Marxism. - First and foremost, the firing of Kevin Spacey - Collaborating with far left, ''explanatory news'', media Vox. - An utterly annoying progressive bias when it comes to comedians. - Shows in Finish, German, Spanish, and Turkish without proper voice sync, all in the name of diversity. - Supergirl? - Choosing actors based on diversity rather than competence. - Deplatforming of anything deemed patriarchal by 15-year-olds. - Brainwashing those same (our) children with unscientific, ideology driven documentaries such as ''Explained'', and ''What the Health'' - Total content deprivation - Zero profit orientation, stock prices will take care of that.. right? - Remaking stories with cultural value, and deep meaning, to have neither. - I want in on the Dip
NASDAQ:SBUXShort
by JordanPeterson