NFLX continued trying to recover from its Monday plunge yesterday, but my expectation continues to be that NFLX resume its downward trend once this current bottoming attempt tires out. NFLX is currently struggling to stay above the steeper of the two uptrend lines drawn, with increasing downward momentum likely dragging NFLX towards the more prominent longer term...
After a failed breakout of the primary C & H pattern yesterday and a fade today, $NFLX bounced off $443 late day and continued up again into the close, perhaps anticipating a retest of of that heavy top around $455 later in the week. What today's price action also put together was a double C & H pattern, that is almost an exact time/scale mirror of the pattern...
$NFLX might be developing a long-term cup and handle after post er sell-off. If the market cooperates this could be fun.
The macro environment has created a number of buying opportunities, and NFLX is shaping up to be one of the best. There's a lot to be bullish about long term, but immediately there's pricing action, volume accumulation, and MACD. Pricing shows that the dip double bottomed, and while it's true a conservative investor would wait for it to clear the ~$435 range,...
Although I am long this stock, I am a bit bearish with my view. First off, the price seems to be too much above the cloud right now. There is much more downside than upside. If it holds, then eventually it will find support - but it definitely does need to consolidate a little for this momentum to be healthy. Also I read about some insider sells which gives me...
NFLX is currently testing support lost at the highs for the first time, and should get smacked back down to what was gained. Waiting to see if we continue to distribute or if we get absorption to make new highs. I'm leaning to continued distribution in the coming weeks. The break of 416 support would immediately signal a short back to support gained.
This stock is poised to go higher, it is moving well without nasdaq on it's own news of price increase and also more content...think it could run, but NAS move up would help....I keep risk to 20% on options and expect 40% gain or more...timeframe is by August move with Sept options
The current Netflix trend appears to be a repeat of the 2011 bubble burst. In fact the two curves are almost identical so far. If we assume that the 2011 trend holds, and project the expected 'bottom' after the bubble bursts, one can infer some near term price targets that could be used as some type of options play.