NETFLIX should stay supportedThe EWC suggest that NFLX should stay supported. BE CAREFUL THOUGH! The rally should not last much longer.
Netflix
NETFLIX BUY OPPORTUNITYPRICE CREATED IMPULSE TO THE UPSIDE NOW EXPECTING RETRACEMENT AND CONTINUATION.
buy position for 10 to 15% chart ready to start for 10 to15% stop trailing but have potential for higher prices
Why is Netflix going to reach almost $700?Good morning traders, today we bring you our analysis on Netflix, since we consider that it has a great upward potential and is a good investment opportunity.
Based on what the behavior shows us in the chart, we can obtain some conclusions:
🔸For many years this stock has been bullish, so we will base exclusively on the behavior of this year.
🔸From the beginning of this year to the ATH, the price had an approximate 100% increase.
🔸Of course, in the midst of the uptrend, as expected, there were corrections of between 15 and 30%.
🔸The remarkable thing about these situations is that, after correcting, the subsequent rise generated new highs.
🔸Right now we are facing a similar scenario, but with a bigger correction.
🔸It is a clear corrective flag pattern, with a duration of almost four months.
🔸The $ 60 zone was impenetrable, and each time the price faced it generated a bullish bounce.
🔸It is now heading towards the upper zone of the range, where we are expecting a bullish breakout.
🔸In the event of a break in the corrective structure, we estimate a minimum target of 20% to the upside, since it is the cloning of the broken range, which takes the price to almost $700.
Netflix: Range.A breakout of the resistance level around 575 may lead to an increase in the price to the 690 area.
PLTR BUY Hello and welcome to another analysis
*******
PLTR stock is in an uptrend, if the stock breaks point 28.03
it will continue the trend up to point 31.04
=> And as I always say " you should not trade at any time , you have to trade at the right time possible "
Thank you
ATSELECTION
Netflix ongoing Long position. Morning traders.
I have just recently posted an idea on how I've traded Netflix this year.
I have linked that idea in on this one.
Just wanted to share and fast forward to the here and now to show the long position currently entered via the script I am using.
For any information on the script please drop me a message.
How I've traded Netflix this year. Morning traders.
I just wanted to share how I've traded Netflix this year with the script I am using and the results I've gotten.
Traded netflix only on an account with a well known CFD provider. £200 deposited and 76% gains on investments since March risking 1% per trade.
This information is all provided by the back test data screen shot at bottom of the screen.
As you will see from the idea screen I have provided details of how the script prompts me when to enter the market.
I simply enter the market set my stop loss and take profit targets and let the trade play out. That easy!
All the back test data backs the strategy up and takes away all the emotion of trading. Something we all struggle with as traders.
Once the trade has played out I simply wait for the next signal alert and go again.
This particular example is working the H1 and the example is taken from back in June and July.
Currently I am in a live long position on this chart as we speak. So we will see how that plays out.
For any more information on the script I am using please message me.
NFLX and how to trade a breakoutI found NFLX over the weekend and believe it or not I have never traded this stock before. We were given an opportunity by the market to take some money off the table with this break out and we did. Follow me for more great insight and for my weekly watchlist visit www.investoratlas.org
NASDAQ:NFLX Netflix stock forecast, Buy Breakout, Target 669Netflix (NASDAQ: NFLX)
Trade : Buy Breakout
Entry : 512.5
Target : 669 (156.5, +30.54%)
Stop : 491 (-21.5, -4.2%)
Posted on Saturday, December 12, 2020
Note : Netflix stock attracts my attention. Its stock prices are expected to rise one notch higher. If they strongly break out the 512.5 level, it would be a buy-signal. If the prediction is right, target(resistance) price could be around 670. As of now, it is necessary to keep in mind that the stock markets and stock indexes are in an unstable phase. We need to keep the stop-loss rules strictly.
NFLX Consolidation pattern looking for breakoutNFLX long consolidation pattern started July is suggesting a breakout that could take us higher into wave iii upside target that might reach 640-650. Note that Consolidation started in July through Nov is now showing signs of a breakout. Looking to establish longs with stop level at 464.
NFLX and chillin'NFLX has been moving within a smaller range for quite an amount of time, and the breaking of the uptrend line also signals a nice buying opportunity with significant upside. Several technical indicators such as MACD, SMAs, and boilinger bands support the bullish hypothesis for NFLX as well. Trade safe and trade wise!
Long on NetflixI am entering a long position on Netflix based on the price action on the daily chart. I have drawn out a ranging zone that has been respected. Currently price has formed a bullish pinbar at a significant level on the daily. The bullish pinbar that broke out of previous resistance and support is now acting as support again. If you look on the weekly chart, you can see how price has respected the strong weekly support area and price shit up in the direction of our target.
Devouring Netflix with Point&Figure analysis. Market Top. SHORT.Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again but then broke the uptrend line and generated a Double-Bottom sell-signal.
Following the double-bottom sell, it fell by a further two boxes before being supported by the original uptrend line. It then rallied upwards but couldn't reach the second uptrend line which suggests this trendline now may switch to a resistance role. The price sunk below the original trendline for the first time and generated another double-bottom sell at the level of penetration, falling a further two boxes after the double-bottom signal box. It barely snuck above the original trendline before sinking down, albeit at a higher low. What followed was a strong rally which broke through the original trendline but was met with resistance from the most validated trendline.
After very brief congestion, the price rallied through the most validated trendline by 4 boxes. This questioned the resistance power of this trendline. Though it is thought this 4 box rally above was an attempt to reach the previous all-time high. A pole developed and sunk the price through this trendline and then the original trendline again, and created a triple-bottom sell. The next X column failed to come close the original trendline. A catapult then formed with a double-bottom after the triple-bottom. The next X column failed to touch the original trendline before another double-bottom sell-signal was generated. Two downtrend lines have now formed but the area of support is yet to be full broken.
My impression is that we are experiencing a market top and that a potential reversal is imminent.
Things to look out for:
- Will minor downtrend be penetrated?
- Will major downtrend line be penetrated?
- Will the area of support be penetrated?
For a short, anticipate:
- the second downtrend line to be validated
- the area of support to be penetrated
- a double-bottom sell-signal or better
