Netflix
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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
NQ Nasdaq, you need to know this before selling NASDAQ you need to know this before selling, as we see in the chart the NQ market gives you a short signal which is the price breaks the support level with no volume, but I really advise you as a professional trader to wait until the market breaks the blue line with *VOLUME*.JUST KEEP IT IN MIND
What's up with Netflix $NFLXFor this analysis we are looking at the daily timeframe.
NFLX is in a nice uptrend, but currently we are seeing a retracement, which is the chance to buy a nice stock at a smaller price.
Netflix recently broke the upper resistance of an ascending triangle formation, which is a bullish sign. The break was followed by a fastly reached ATH from which the price dropped to the 550$ mark, which is 1. supported by a weekly trendline (TL) and 2. the upper resistance (now support) of the previously broken triangle pattern, which suggests that rn could be a good time to enter a long position, right? But before spending your hard earned money right away, have a look at the $NFLX earnings (January 27th). $NFLX lately tends to fail analyst expectations on earning reports (and $NFLX tends to perform better in Q1-Q3), the rather small drops after failing those kind of reports (as long as the expectations aren't missed drastically) tend to be corrected after a couple weeks, but this drop in price could give you a chance to buy a second position.
Idea: enter a long position during the next week (since we need confirmation that our supports are stable), your TP could be at the previous ATH (21% gain if you decide to enter where I will enter (you can see the trade entry on my chart))
As always: no financial advice
NFLX Support, then ShortNFLX
H&S forming or has formed depending on your point of view. I think we can see a bounce or BTFD! Especially because we are currently on the 200ma. This is not mandatory if the market really shows more panic and weakness we will get no bounce. Again playing the odds. Tomorrow is crucial to see support kick in, and can even squeeze a quick 9-10% return before going short.
Current Market Environment:
- Fed is going to reduce the balance sheet
- Hike in interest rates,
- EPS is slowing,
- Overall economic GDP is decelerating.
Time to load up on Netflix $570-580Set your limit buy to $570-580 folks. Time to load up on Netflix soon for some bounce play. Netflix took a double top bearish drawdown and it’s a falling knife, with the 20 day crossing the 50 it’s still bearish and could drop more, but there is support soon. RSI 34. Today we could see my buy zone with the fed interest rates. Buy the dip!
Like and follow for more, comment let’s discuss
Netflix: Buying the Dip Netflix - Short Term - We look to Buy at 564.00 (stop at 542.00)
We look to buy dips. We have a 61.8% Fibonacci pullback level of 479.00 from 700.00 to 563.00. The 200 day moving average should provide support at 560.00. Previous resistance, now becomes support at 560.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 612.00 and 633.00
Resistance: 632.00 / 675.00 / 700.00
Support: 600.00 / 560.00 / 510.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
QQQ likely range of support/bounceSince the initial W shaped correction of last September, the following corrections to QQQ have largely found support along the same support line seen from the September 2020 correction. Given that we’re essentially in a rising channel, this support line is expected to hold once again. The likely range of the bottom is denoted here, if we reach below this range, it’s likely that a long position will need to be re-evaluated in the short term.
Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
Netflix and their change of apparent investment policyNASDAQ:NFLX has been notorious for having a rather conservative investment policy, being reserved in all means of their financial interactions. Whether we're referring to their accumulation of debt, acquisitions or overall spending. In recent times, their management has been making very questionable financial decisions. Their most questionable financial decision as of around 2 days ago, was their decision to place 2% of their cash holdings in black-led banks to attempt to "narrow racial wealth gap" according to Yahoo Finance. As many are aware, this is the company making a desperate attempt at appealing to the public eye considering recent events. Obviously the investment community did not appreciate this careless "flinging" of money at various corporations with limited investigation into their current financial states. For those unaware, this was the primary cause of the strong sell orientation of the stock.
In the big scheme of things, despite that considerable amount of money being used for "political correctness acts", the stock should recover in the coming months, although this has unsettled many long-term holders of the stock (reducing their faith in management in the company, especially as it is moved around). As it goes in the market, only time shall tell. Personally, I can think of more suitable alternatives to place my money into. If you're a trader who is seeking daily action, then go ahead, Netflix might be one of the stocks you want to 'play' with.
As always, any opinions or facts that I'm unaware of, are welcome anytime. Comment away!
TL;DR: Netflix's management have been making questionable investment decisions with cash holdings which has destabilized their stock.
Netflix Stock is Showing More StrengthNetflix stock NFLX is seen hugely stick to its bullish momentum, despite the stock's bears trying to confirm the price's reversal pattern (Double Top).
The reversal pattern has failed; the stock tend to rebound from the lower boundary of the ascending channel to hit $689.65 point.