MIDTERM SCENARIO ON NFLX !We have finished the 5th impulse wave in our predicted channel. So, we expect a abc correction...
Netflix
Netflix at Crucial level.Netflix on breaching either side will give a wild move. We can short or go long depending on the breakout.
NFLX current scenario and trading opportunitiesToday, we will take a look at NFLX after a massive gap.
Where is the price right now?
Is making contact with a weekly trendline that started in 2017; therefore, we have to consider this level a relevant zone to think in potential bouncing or breakout movements.
Bullish Scenario:
The price is able to bounce on the weekly ascending trendline and makes a breakout of the descending trendline of the current bearish movement. IF that happens, waiting for a correction after the breakout using previous scenarios as models to understand the size and duration of it is always a good idea. So, I have defined what I think the correction should look like. A new local high would be a confirmation of the bullish movement towards the next resistance zone.
Bearish Scenario:
The price is not able to bounce on the weekly trendline, and we observe a breakout. Waiting for a correction after the breakout of a relevant level using previous scenarios as models to understand the size and duration of it is always a good idea. So I have defined what I think the correction on the bearish movement should look like. A new local low after that would be a confirmation of the bearish movement towards the next support zone.
At the moment, my stand on NFLX is waiting and observing possible resolutions before taking action. Thanks for reading.
Jump On Netflix (NASDAQ: $NFLX) For Easy Bounce Opportunity! 🤑Netflix, Inc. provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services. The company has approximately 204 million paid members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.
Netflix Parabolic ArcNetflix parabolic arc retracement, Parabolic Arc patterns return to at least 50-62% of Prior rise in correction mode
A Close below 510 will bring the targets of 435//363/272
Targeting the .486 fib below this the .618 fib.
Netflix has had a few years of spectacular growth and has been the clear winner in the streaming wars for many years. The competition is hotting up and many users may drop off or move to other platforms, netflix just raised their prices in the US which i believe will hurt subscriber numbers over time.
Amazon, the danger is comingAmazon, the danger is coming, Before you short this action you need to make sure that the market crosses the blue line because the sharks want to shake you off, here is what to do IF the market breaks the blue line short this action IF it didn't you will have to wait because it may go up again. I want you to remember this advice or learn it by heart, professional TRADER telling you.
Horrible time for inflated NASDAQ!As the rumores around rate hikes, the tech stockes faced a dramatic slide we speculate that the bear trend is just about to begin!
During pandemic era tech stocks such as NETFLIX(NFLX) have risen to its ath and there might be the proper time for a consolidation.
NOTE :
The results that will be published in wednesday and thursday would be extremely imoportant!
Amazon and my shopping basketDisney, T Mobile, Amazon, Charter Communications, Netflix.
What do all of these companies have in common?
1) They are all >$100B market cap.
2) They all have >10B Gross Profits.
3) They are all at 52 Week Lows.
4) They're all on my shopping list.
Amazon just had it's worst week since 2018 after underperforming the S+P in 2021, but this behemoth isn't going anywhere. I don't need to tell you about the value of it's core ecommerce business that we all use, or the AWS that runs a huge chunk of the internet, the 2nd largest hosting provider with their cloud hosting servicing 42% of the top 10k websites by traffic (Source: BuiltWith), or the success of Prime through logistical brilliance, a successful streaming platform and acquisition of Wholefoods to make the most convenient home shopping platform in the world.
I don't have to tell you about the 31 acquisitions Amazon has made since 2017, 15 of those since 2019.
I don't have to tell you that Amazon is an incredible company that still has a long runway of success and innovation ahead in a growing number of sectors (drones? Yes please!)
That's why Amazon is one of my top choices for investment in 2022.
The business circumstances for each company deserve separate posts in their own right, but to put it simply these companies are the cream of the crop in their industries and we currently have a fire sale.
When the market dips, it's the perfect time to go shopping, and each of these companies deserve serious consideration in your portfolio. Do your own research and make your decisions, but when it comes time to go bargain hunting why not start with the best in class?
A few more stocks I'm looking at meet that >$100B market cap, >$10B gross profits, industry leaders but that are at 6 Month Lows include:
Estee Lauder
Target
Oracle
Blackrock
Salesforce
Alphabet (GOOG)
We can see where the market takes us this week, but I can say with certainty I'll be a buyer on a number of these names this week.
KEY Levels Reached: Four Tech Stocks To Watch!
Hello,Traders!
We can see from the charts above that
AMAZON, NVIDIA, NETFLIX and FACEBOOK
All fell sharply and have reached strong key support levels
Or even the support clusters as in the case with NFLX and NVDA
So I will be watching these ones closely next week
Becasue IF these levels get broken, then these stocks
Will fall even further down and drag the main indecies with them
However, IF we see pullbacks and reversal patterns
We might be looking to enter into the long positions
From good levels with good discounts!
Like, comment and subscribe to boost your trading!
See other ideas below too!
NETFLIX , Head and Shoulder BEARISH Reversal PatternFormation of HEad and Shoulder, at the TOP of the TREND. It is Powerful BEARISH Reveral Patterns. Breakdown Candle, TL Breakdown is visible on the chart. Support TL is Seen, where PRICE has Formed the HAMMER with High Volume. Price is likey to Go Sideways, WATCH OUT for Follow up for HAMMER, and LOW of the HAMMER, if you are planning for LONG Entry with SL of CLOSE Below the LOW of HAMMER.
Netflix Wycoff Distribution I believe many of the large cap stocks in the market are going through large distributions. This is my take on Netflix ($NFLX) using Wycoff Method and his Distribution Schematics. There could be signs of recovery, but unless they have intense volume they will likely be Bull Traps. If the upward movement is on relatively low volume that is a sign of continuation to the downside finishing with Phase E .
NFLX Netflix SelloffIf you haven`t shorted the top at my last call:
then you can see NFLX reached a strong support area and it`s now consolidating.
In 2021 insiders sold around $500Mil worth of shares.
The buy opportunity area is $350 - $385 in my opinion if you want to long it once again.
Looking forward to read your opinion about it.
Netflix leading the market crush, set dips buys ?Netflix chart hit straight away their support zone, things are getting ugly.
Storm is coming?Netflix earnings beat the expectations, yet you see a -24% in one day!
I believe this is clearly talking about what you should expect from the earning season!
If anyone has enough money to bet against(buy puts) all the coming earnings, and all the positions must be equally weight-adjusted(1% of the trading capital) I believe he could make a great deal of money!
NFLX could go down to 360-330..!
Best,
Moshkelgosha
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How Low Can #Netflix Go? 📉 (NASDAQ: $NFLX)Netflix, Inc. provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services. The company has approximately 204 million paid members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.
NFLX big time head and shoulders - target 475volume spike on neckline break. interestingly the projection here would be to the bottom end of the previous trading range. looks poopy for sure with the head actually being a clear double top. hard to find much to like here.
GC gold, you have to avoid trading until !GC gold, you have to avoid trading until the market breaks the rectangle because inside it we have a very small probability.
PROFESSIONAL TRADER. advising you
Netflix: Double top pattern completeNetflix - Intraday - We look to Sell at 642 (stop at 665.4)
Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. The formation has a measured move target of 583.5.
Our profit targets will be 583.5 and 563.5
Resistance: 642 / 658 / 700
Support: 617 / 600 / 563
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TESLA, I do not recommend buyingTESLA, I do not recommend purchasing at this point, but keep it in your portfolio,
but when the market breaks out the support level I mean the trading range 880$ level, we will have a huge probability.
the stock probably will visit 785$ or 547$ this is the worst scenario,
but when the market breaks out the resistance with the force which is volume, probably we will see a new price 1444$ or more
NETFLIX - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: right
NFLX is overall bullish trading inside the blue channel and is now approaching the lower trendlines and 500.0 support, so we will be looking for trend-following buy setups.
on H1: left
NFLX is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NFLX would be overall bearish can still trade lower till the lower the 500 support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
