Netflix
Netflix Stock of the Week Netflix look very well before she continue her way to break 570$ resistance .
We can see nice support from the ema's especially ema 200 , this is the first time after march 2020 that we see ema 200 support .
Ema 20 & 50 pushing higher and become bullish
We may can see a small pullback before Netflix breakout
Rsi and W%r looks good with positive levels .
Obv is very high and could help if Netflix will go up .
Entry point : 540$-520$
Targets :
T1-580$
T2 -600$
* There is no buy / sell recommendation in the aforesaid ,
Netflix On Your Watchlist ?NETFLIX stocks price is inside a channel ranging with a small volatility, and here are our two possible scenarios:
1- Staying inside the channel: Price goes down, touches the lower trendline and our RRR will be perfect as the stop loss won't be too far. Plus, we will be around an important support zone, decreasing risk on our trade.
2- Going outside the channel from the upper side: After validating the upper trendline, price can be bullish until hitting the resistance zone where short opportunities stand.
Attention: Beware of a fake break out. Watch out the NYSE session, follow the global news and Trade Safe
Best of Luck Watchers
NETFLIX - It is time to Chill!Hello Trading Family, I found NFLX chart interesting.
We can see that NFLX is overall bullish trading inside these two brown trendlines forming a flat rising channel.
From a short-term perspective, NFLX is bearish, trading inside the orange channel but since it is approaching a strong round number 500 (in blue) and the lower brown trendline (non-horizontal support), we will be looking for buy setups to catch the next impulse.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
My Trading Plan:
Our upper orange trendline is not valid yet, so we will be waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing high 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 and can still test the lower brown trendline or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Netflix looks attractive at this entry pointI'm cautious about the FAANGM stocks based on such high valuations which makes them more susceptible to a meaningful correction in the event that the sentiment shifts towards more cyclical stocks.
However, Netflix looks really attractive for a long-term buy and hold. Year on year the company has grown its revenue since 2006 (as far as the data goes on Tradingview). The forward PE has steadily declined since 2015.
Netflix has a strong business model and is the leader in its industry. I would consider it a buy and hold in my long-term portfolio.
The signals suggest that the current entry point looks attractive. It should hit the $600 mark which is the upper point of the short-term channel. Hopefully thereafter it will move toward the $700 mark. Its currently trading at $493.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Netflix: Weekly/Daily Analysis - Exit Long PositionsNFLX Weekly/Daily:
Weekly:
The Weekly chart's ADX numbers are falling such that I'm considering this may break below the PB&J Sweet Spot and potentially dead cross, changing the asset into short mode. It is however within the PB&J buy zone so a bullish reversal candlestick is certainly possible here as well. Bearish MACD divergence and a declining +DI seem to support that this is the end of the bullish wave.
Daily:
As far as Nison's SMA 10/20/200 strategy, shorting this is out of the question until both SMA 10/20 are below SMA 200, and they Dead Cross following. SMA 200 is a 4% drop from here and prior similar price action in this area precipitated an additional -15% drop before reversing bullish after 2 Weeks trading under SMA 200. Given the Weekly and Daily perspective I would close any open positions and only consider reentry on a solid bullish reversal from the SMA 200 zone, and only following a pullback into the SMA 10 / EMA "Sweet Spot" zone after a Golden Cross.
Also, Netflix should pay their damn taxes.
NETFLIX 1D DESCENDING TRIANGLEDescending Triangles are repeatable trading chart patterns.
Descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
NFLX - FORECAST 4HR - NETFLIX - STOCKSSo Netflix gave a good long entry at the green line(527.44) on Jan 28th. Though we have missed that entry its still not too late. NFLX does have a gap at 509 that I would expect to get filled eventually but that doesn't mean itll happen anytime soon. If it does NOT fill the gap sooner rather than later than expect this thing to reach the red line (596) once again. If it cuts through the red line with gusto expect it to tag the orange line(665) with ease. Yellow line(733.96) being final target and could be realistically met if price pushes through resistance with force. Stop loss below white line(458.60).
This is not investment advice, I am not an investment advisor. Do not blindly follow mine or anyone else's trades.
Be safe out there.
Another example of a trend-less market ..!Netflix brought huge changes to entertainment industry and revolutionized it. Those who invest in Netflix rewarded with exceptional +17000% in 8 years. But the coin has flipped, you see no trend in Netflix chart in the last seven months.
When rivals come, share of the market and the outlook of the company will change a lot ..!
Don’t expect to get rich by investing in Netflix anymore..!
Moshkelgosha
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