Netflix (NFLX) AnalysisNetflix recently experienced a pullback, dropping to a significant demand zone around $820-$850, which has historically acted as strong support. This drop has attracted traders eager to capitalize on the current discounted price, anticipating a potential bullish rebound.
Looking at the chart:
1️⃣ Previous Earnings Reaction: The last earnings report sparked a 12% spike, showcasing Netflix’s potential for strong momentum following positive results.
2️⃣ Demand Zone Support: The stock is consolidating around this key level, indicating that buyers are stepping in to defend it.
3️⃣ Bullish Expectations: Traders are positioning themselves for the upcoming earnings report, expected on 01/21/2025 after market close, which could act as a major catalyst for upward movement.
If the earnings report meets or exceeds expectations, we could see Netflix rally toward all-time highs, with the first resistance zone around $940 and a longer-term target of $1,020.
Netflixsetup
NETFLIX’s Next Big Move: Massive Breakout Imminent?Technical Analysis:
NFLX (Netflix), on the 15-minute time frame, has set up a long trade with a strong entry at $744.60, supported by good volume. The breakout occurred above a consolidation phase, indicating market interest in a bullish move.
The price action is holding above the entry level, and the Risological Dotted Trendline is trending upward, providing a strong support foundation for the trade. This long setup points to a potential bullish continuation as Netflix approaches the following targets.
Key Levels:
Entry: $744.60
Stop Loss (SL): $715.10
Target 1 (TP1): $781.07
Target 2 (TP2): $840.08
Target 3 (TP3): $899.09
Target 4 (TP4): $935.56
Observations:
The breakout was backed by strong volume, reflecting confidence from the bulls.
Price is consolidating near TP1, suggesting momentum is building for further upside.
The Risological Dotted Trendline is trending upwards, giving strong support around $744, ensuring the trend stays intact.
Outlook:
Netflix's long trade setup shows strong potential for upward movement. With the support of the Risological Dotted Trendline and high volume backing, this trade is well-positioned to meet its targets. Watch for any pullback near $740, which could present another opportunity to re-enter or add to positions.
NFLX Jan 26th Update, Target got hitWe had a great bull flag setup going into the earnings.
Now the target got hit, will be watching for a retracement into early Feb and another push higher into Feb OPEX
Nothing bearish here to even try taking a short trade. There is still one more gap to close above the price, should be hit first before reversal starts.
Also the price might just consolidate/correct in time and push above to a new high. Any shorting should have solid stops
Netflix Breaking Major Support Not a Good look Hi guys! This is an Update on Netflix (NFLX) on the 1 day chart.
We are currently at risk of a trend change in the makings due to a breakdown of Major Support.
This is a zoomed in look on the daily timeframe.
But if you look at my previous idea below, notice the Uptrend Channel that Netflix has been following since June 2022.
Todays candle is currently BELOW this Support trendline of the Channel.
Not a good look for Netflix.
But brings in opportunity for take a Short, once confirmation comes in.
Notie also that with the print of the Massive BEARISH Engulfing Candle, we are now below the 21 EMA.
Note the BEARISH Engulfing Candle indicates extreme selling pressure. It shows that the majority of the previous move up to the resistance was sold off by this 1 candle print.
With this daily candle & the engulfing candle it equates to the entirety of that move.
Being BELOW the 21 EMA, tells us declines are likely ahead of us. ALso if we are where we are with the close of our current daily candle, we will confirm BELOW 21 EMA.
Thus supporting probability of further declines.
Look to the Black Horizontal Line below us for our current target for this price decline.
BUT if we can somehow move back ABOVE the channel, by the end of the week before CONFIRMATION. This could support the probability of us resuming our Uptrend.
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Netflix Overbought and Facing Resistance Netflix NASDAQ:NFLX
EARNINGS RELEASE TODAY (AFTER THE CLOSE)
Entry Pending Until:
- Break above overhead resistance, making it support
- A revisit of the 200 Day SMA
- In both, tight stop required
We are currently oversold on the RSI and whilst the stock could remain oversold for weeks the last 2 times we reached this exact RSI level we were rejected. For this reason I see no reason to be rushing into this trade. If you put on a trade you need a tight tight stop loss.
The head and shoulders pattern could take another year to play out. For the moment I am focused on the immediate resistance overhead, the overbought RSI signal and the 200 SMA.
Its amazing we don't see more Netflix in feeds, we are up 200% over the past 12 month period.
Hope this helps anyone trying to build a structure of the chart for a potential play.
PUKA
Netflix NFLX Next MovePair : NFLX ( Netflix )
Description :
Bearish Channel in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line and Retracement
Break of Structure
RSI - Divergence
Completed " ABC " Corrective Wave
Bearish Channel in STF with the Breakout of the UTL need to wait until it Completed its Retest
Impulse Correction Impulse
Netflix: Continue Watching 🍿Bring on the Popcorn! The Netflix stock continues to rise and should finish the turquoise wave A soon. Once completed, the stock would fall into a correction until the course drops below the support line at $252.06 and wrap up the turquoise wave B. Once the stock hit its corrective low, the course can start an upwards trend to climb further North in the longterm.
Netflix breaking down? Netflix
Short Term
We look to Sell at 220.83 (stop at 236.96)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for losses to be extended today. The medium term bias remains bearish.
Our profit targets will be 170.19 and 164.87
Resistance: 248.70 / 329.82 / 333.22
Support: 207.41 / 169.70 / 164.28
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NETFLIX HAS LOST OVER 65% IT'S VALUE AND AT FIB73.6In October last year, Netflix's market capitalization was $310bn as of market close the past Friday; it's just over $99bn. Year to date, Netflix shares are down almost 65%.
For context, if you bought $1,000 worth of Netflix shares at the start of 2022, those shares will be worth about $360 today. Netflix is the worst-performing S&P 500 stock to date.
From the technical analysis NETFLIX has retraced (LOST) over 65% of it's all time high and currently STRUGGLING with FIB76.8.
At these point, the questions are
1. What fundamentals is going to turn the table around?
2. What will NETFLIX team and stakeholders do to change the trend?
3. Will NETFLIX ever take back its percentage of the streaming market share?
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Netflex Montly view. Here we can see Netflix is regularly LL even in monthly TF its very low.
As we can see In in June 2011 to Dec 2011 Market crash 70 to 80% then its conver now we are expecting the same sitautuion near its 0.786%% retracement level and total fall of 74% we will see Netflix at 1000$ in comming 2 to 5 years.
Netflix Analysis 11.02.2022Hello Traders,
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