Chart Analysis - NFLXLooks NFLX is going to have a hard time. As a Netflix's subscriber, I welcome Disney+ coming up!
Netflix
$NLFX Netflix buy?Found many times support on the 0.618 fib
Could go and test the 0.786 around $380
Little chance for a dip to around $360 to retest trend line and 50ma
Would only buy more then :)
Are You Still watching "NETFLIX" ?
Inverted screenshot comment coming after forgot to take screenshot before lol
Could form IH&S or could go back for a full re-test making a Bearish W pattern either or id short here had a good retest this week.
Targets are on Chart
Short all things especially Netflix such a nice Bull Trap :Oyep got a head an shoulders pattern it seems like this will be heading downward spotted it yesterday been watching price action since and its not looking good for bulls. stop loss is on there BUT id say as long as it doesnt pass the Head resistance the play is still in effect. Best of luck traders
$NFLX is reaching the apex of the rising wedgeNetflix is reaching the upper resistance level of the rising wedge (usually bearish) 380 level. Be aware of the potential reversal here or at least a short-term pullback.
NFLX Netflix is about to fly!NFLX has a in day candle and shows some bullish move going into next week. We have a resistance of $364.19 a breakout over 364.19 we can see it at 375, and 385
NFLX NASDAQ: Correction or continuation of large growth?NASDAQ:NFLX
My chart shows me that NFLX should be corrected soon. In case of successful penetration of MA, which acts as a support, we will move in a downward movement. At the moment, my idea is supported by my NYA Sequential indicator, which is based on the Thomas DeMark Sequential indicator. In addition to my own indicator, my thought confirms Stoch RSI.
The idea is quite risky, since a small increase can continue and it will be followed by a fall, the main thing here is to set the stop loss correctly. I remind you that I do not give financial recommendations, everything that I publish is my opinion and my thoughts. Wish you luck!
Netflix - Bearish retest after rising wedge breakdown5th wave extension in equity market. Run like a plague unless clear pattern change.
I don't trade this, but good to follow.
NETFLIX .1Expecting a crash of 70% or more. Competition is heating up and Netflix's field of expertise, streaming, is now getting cut open and used everywhere. Technology is there for anyone and everyone to stream video. Streaming video used to be incredibly challenging - with cloud computing it is now easier than ever. Big media players are entering their space this year and it is a matter of time before someone meets or beats Netflix at it is own game.
Netflix Potential Head and Shoulder FormationHead and shoulder formation has appeared on Netflix.
The price might move to 319 level faster than we expect. The possible breakout at 319 level can cause a drop below 300 level
NFLX breaking down from its rising wedge pattern. Netflix is currently breaking down from its rising wedge pattern, and it appears to be setting up to retest some of its daily moving averages. We have the 200 day moving average around 339, the 50 day moving average around 327, and the 100 day moving average around 313. Based on the measured move of the rising wedge, we could see Netflix come down to the 310-315 level, which would be in line with our 100 day moving average. The RSI and Stochastic are also indicating downward momentum. Most of the market seems a bit on edge, so we could be seeing the start of a market-wide pull-back or correction.
Moving average guide (All daily moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
NETFLIX - Interesting Fractal SetupPretty much all the information is written within the chart itself.
To sum it up, from June to October 2018 there was a pattern that had developed after NFLX reached its high. There was a 7 wave move to the downside that made 4 consecutive lower lows while forming divergence on the RSI + MACD. Followed by the breakout, price hit some sort of resistance and formed an ascending triangle. These have a tendency of breaking to the upside, although in this case it broke above just slightly and then failed miserably resulting in a >10% drop. On the RSI, there was a triangle that formed as well. When the RSI broke through the support that was an early signal to short NFLX. Now fast forward to today, we have all the same points labeled on the price action as well as the RSI + MACD. There is major divergence on the MACD and RSI has broken downwards out of the triangle it was in. First short target is the first touch of the ascending triangle support (point 9). The R:R for this trade is a nice 2.17 and could result in an even larger move to the downside since this pattern is a lot larger than the first.
NFLX to close the gaps!NFLX has been the poster child for NASDAQ gains. There were a lot of gaps upward from the December lows with not much changing fundamentally, (Disney and other competition entering the market 2019). Keep a close eye on the current rising wedge - if it breaks to the downside, short until $320. If this breaks to the upside, close your short and wait until $380 to re-evaluate a short entry.
This is not financial advice.
