Netflixlong
NFLXNetflix shares have fallen sharply recently due to bad news about the company's users falling
But that reduction is too much, and I expect it to have at least one retreat towards the $ 333 and $ 478 targets.
MACD and RSI indicators are in the floor area and sellers do not seem to be able to reduce the price and the price in the area is between $ 180 and $ 200.
Netflix same drops three times beforeLooking back in history we have seen three similar drops like this one before. And prices have bounced very nicely up from that area.
This is the time the rich get richer, meanwhile the poor get poorer as they close their losses instead of adding more.
I am pretty sure we will go down more but it's still a good opportunity not happening very often.
Netflix, Inc. - Long tradeEver since it hit a high of 701.0 back in November 2021, Netflix has fallen dramatically to trade at 162.71, its lowest level since August 2017. Looking at the daily chart, a clear 5-wave decline can be seen, pointing to an imminent correction. While we do not rule out small losses still, we recommend to go long at market with a stop at 124.0, targeting 280.0, the 50% retracement of the 5th wave.
A corrective bounce for wave B is inevitable for #NFLXTimeframe: Weekly
Price may find bottom to complete the bearish impulsive wave a at 0.236 fibonacci retracement of the previous general motive phase wave 1.
When this level holds and this analysis be validated, price may then resume its corrective bounce for wave b.
#elliotwaveforecast
@marketpainterPH
Visually presenting the basic general representation of the principle of Elliott Wave Theory.
NETFLIX WHERE IS THE BOTTOM?Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games 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 in the United States. The company has approximately 222 million paid members in 190 countries.
Right now Netflix, it seems they reach a saturation of subscribers and even start to lose some.
Quarter 1 report of Netflix came and they lose around 200.000 members worldwide. A worrying shift for a business which sustained growth never interrupted for over 10 years.
This caused by new and strong competition along with the covid restrictions worldwide.
I do not think, income will be problem for now since they cancel productions that seems redundant. They will cut costs.
Also price may have found the bottom already.
This week, investors seems to think this levels are good for buying.
In the "weekly" chart, price hit the bottom of Bolinger Bands with the RSI below oversold area. MACD is in the deep negative zone with going deeper. If selling pressure stops for the next couple of weeks MACD line will probably cut the Signal line which means buy if we are still near bottom of Bolinger Band.
Important support levels
190 is highly important as price seems to bottom there this week.
180 if 190 cant hold it.
These levels can be considered as stop loss zones.
Important resistance levels
203
210
221
240
262
These levels can be seen as take profit zones.
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NetFlix needs to Attention nowNetflix is so ready to start a Reverse and Rise Price Cause it falls more than 50% of Price and now on a Strong support that can push price to up, so Buy carefully and buy it in 4 Step.
Buy@ 210$, 180$, 140$, 90$
Stop loss@ 80$
Take Profit@ 700$, 950$, 1200$
it's so Important to buy Step by step and not be Greedy and buy More Volume in 90$
Netflex Montly view. Here we can see Netflix is regularly LL even in monthly TF its very low.
As we can see In in June 2011 to Dec 2011 Market crash 70 to 80% then its conver now we are expecting the same sitautuion near its 0.786%% retracement level and total fall of 74% we will see Netflix at 1000$ in comming 2 to 5 years.
Netflix Analysts forget microeconomics principles... Hysteria??Netflix Q2 2022 Earnings Report: ir.netflix.net
Key Takeaways of Netflix Earning Report
> Lowest P/E ration in 10 years of operating.
> Revenue is UP 2.06% from last quarter.
> Revenue is UP 9.8% from Q2 of 2021
> Operating Margin of 25.1% is UP 19.1% from the last 4 Quarter average.
> Diluted EPS of $3.53 is UP 25.6% from the last 4 Quarter average.
> Global subscriptions is 6.7% UP from Q1 2021
> Cash Flow is strong.
> Netflix Content is still Great. Streaming market share for total US TV time has risen 0.4% in a 10 month period. That is factoring all the new cheaper competitors entering the Market.
> Net Margin has Been growing at a constant and rapid pace.
With the Financials briefly covered above, here are some of the key thoughts to keep in mind.
Why are financial "Analysts/reporters" trumpeting on about the around 2 million lost subscribers?
The answer is that they have not read the Financials. Their understanding of the streaming market is limited to subscriber count as the sole Variable to take into account. This is the unfortunate result of an incentive, to hold one reason or aspect as the sole driver of the streaming business.
>> The microeconomic 101 principle should have made it clear that as Netflix prices are raised there will be less demand.
>> What is more important is that the FINANCIAL inflows, more than make up for the lost 2 million subscribers.
The demand is Inelastic and therefore the price rise, was the right decision from a shareholder & business perspective.
>>> I will be DCA into this oversold discount, increasing my Netflix position in my portfolio. With the long term in mind, that Netflix is a main pillar in the continuously growing streaming sector<<<
Not financial advice, just an investor/trader's opinion. Who is looking for the best reward to risk In this turbulent market.
Check out my AMD analysis if you liked this Idea:
The big crash on Netflix!!!Netflix
During after market hours Netflix lost -25%.
I will be lookig for entry below 200USD.
On the first level around 255USD should be some reaction, but it's still expensive for me.
The level around 189USD is much better and there I will have small entry.
The masive reaction I am expecting on the level around 117USD - it's also -80% from ATH.
Netflix resistance and channelsI'm seeing a few things on Netflix here:
1) there is a long-term support trend currently sitting in the 330's going back to 2019 and 2020 lows
2) some resistance in the ~385 range and again at ~425 from 2019 highs. Now this is coinciding with the 50 day MA which is currently at 382. Closing above the 50 day on some strong volume would be a good sign for me.
3) the current uptrend is pretty steep, probably not sustainable unless we get a gap up on some news
4) I'd like to see it retake the upper channel in the 520 range
5) There will be a reckoning with 100 and 200 day MA on the way
I'm long term bullish on the company but this chart isn't pretty right now. Watching to see if it breaks above 400 or retraces down to <340 again. I'm averaged in at 352.
I'm not a professional trader, this is not investment advice, do your own due diligence.
NETFLIX STOCKNetflix's share of the weekly time has formed an overlapping pattern on the bottom of the channel, and now in daily time it is forming a pattern of head and shoulders on the floor, and if it can break the red line upwards and stabilize, it provides a long trading position. Before the formation of this pattern, we saw a chat and it is coming back. It seems that it is forming a tired chat, and since it is close to the next earning, it is possible to form an island chat and move to the roof of the canal. But the first target is $ 400. LT is
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