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NFLX

$W $NFLX $UBER $AAPL I OptionsSwing WatchlistW 1D I As stay at home stocks bounced a bit last Friday, we had W bounce 8%+ right at our support. W seems to be forming a bull flag on the daily chart. NFLX 1H I NFLX is down more than 15% from all time high levels. Watching for a breakout from this downtrend, for either a relief bounce or a stay at home stocks rally. UBER 1H I UBER double bottom near $35. Watching for a consolidation above $39. It is a bit extended from the 9 EMA on the hourly after bouncing 13%+ from $35. AAPL 1H I AAPL is down 10 points after hitting a double top near $180. It seems to be consolidating right over $170 and we'll see this week if it remains on an uptrend.
NYSE:UBERLong
by optionsswing
Netflix: Buying the Dip Netflix - Short Term - We look to Buy at 564.00 (stop at 542.00) We look to buy dips. We have a 61.8% Fibonacci pullback level of 479.00 from 700.00 to 563.00. The 200 day moving average should provide support at 560.00. Previous resistance, now becomes support at 560.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 612.00 and 633.00 Resistance: 632.00 / 675.00 / 700.00 Support: 600.00 / 560.00 / 510.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXLong
by Saxo
NFLX: Inflection zone incomingReally perfect trade missed on NFLX today. These I find are fairly easy when the market environment is right. Bounced off of the 100sma on friday and traded RIGHT back up to the beginning of its latest runup on 10/20 today- to the penny. Would have taken that all day had I seen it. Fibs previously drawn. When I see setups like this on names I watch regularly, I will put alerts in so that I remember and do not have to watch closely. If we can get a market bounce here moving forward in the week, I would def watch for daytrade/swingtrade probably really both or a daytrade-turned-swing-trade (meaning leaving on a smaller size to swing which I do often when the right momentum is with the names). I stuck an alert near the top of Thur-Fri candles of last week so that if/when it hits, I can reassess it to take back up 644 or at least the 10sma- a 10/100 sma sandwich/fib play. From there, maybe a short again, but being careful to look out for Santas sleigh coming into Christmas. All Aunt Edna wants for Christmas is another year of NFLX?? IF the market continues the selling and this does not work and we lose the bottom of today/100sma, we will head back down at least to the top of the channel between 479-573 where we spent the greater part of the 2nd half of 2021~ 200sma sitting around 562. The reason I put my alert BEFORE the top of the thur/fri candles is because IF we cannot break above those, that is an excellent place to short and the momentum would probably break the 100sma taking us back down to the 200sma and if that breaks, to the purple channel. The cliffnotes are: there is no trade. BUT, I am prepping for a trade ;)
NASDAQ:NFLX
by nurseblood
Are Markets Overvaluing These 3 Stocks? LULU, NFLX, SQTwo recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ. One way to gauge how overvalued a stock may be is to find its multiple (aka, Price-To-Earnings ratio). In the case of Tesla, it’s multiple, as of writing, is ~350. In the case of Rivian, it doesn’t have any sales to speak of, so a multiple for this Company is not discernible (as reported by Bloomberg; “Rivian is now the biggest US company with no sales”). Investors can be concerned about high multiples if the Company in question is unlikely to grow its profitability to a level that better reflects the stock’s current price. Tesla and Rivian are just two companies that analysts (incl. Tesla’s CEO Elon Musk) commonly point out as overvalued. Keep reading to learn what other 3 stocks market analysts commonly categorise as overvalued. Are Markets Overvaluing These 3 Stocks? LULU, NFLX, SQ Lululemon Athletica (NASDAQ: LULU) Several outlets, including Forbes, noted the athleisure wear company to be overvalued in the first half of 2021. Yet, difficult to discourage, investors have continued to support the Company and further bumped up the stock’s price. LULU is currently trading at an 15% premium above its first-half peak price (US $404 vs US $465). Its current valuation places its multiple at ~74x earnings. The momentum behind the stock is driven by its consistent earnings report beats and ambitious sales targets set by management, which are being hit or surpassed with surprising frequency. The Company’s outlook is buoyed by a growing (and incredibly loyal) customer base and higher margins. In this way, Lululemon stock may well be within a fair valuation if it continues to ride the growth momentum in which it is currently swept up. Netflix (NASDAQ: NFLX) Numerous Analysts were calling Netflix overvalued in 2020, even as the streaming giant reported subscriber growth beats during quarantine lockdowns and beyond. Bearish comments would call attention to the cash-burn needed by Netflix for the foreseeable future to maintain its industry leadership and satisfy its growing user base. Bullish sentiment could counter this argument by pointing to the Company improving operating margins (e.g., Netflix has improved its operating margin from 16% to 23.5% YTD). However, Netflix does not include content generation spending as an operating cost. Instead, it is considered a fixed cost for the business. Yet, suppose Netflix is going to be burning cash producing content for the foreseeable future. In that case, the improving operating margin might be considered no more an accounting trick than a meaningful metric. As of writing, Netflix shares are trading at US ~$690, indicating a multiple of approximately ~62 earnings. Square (NYSE: SQ) The digital payment provider Square appears to be firmly in the camp of overvalued tech stock. At least, according to Morningstar analysts, SQ is trading at more than double its “fair value estimate” (US ~$230 vs. $112) with a Price-To-Earnings value of ~240. SQ shares have not traded at US $112.00 or below since July 13, 2020. While SQ does deliver on growth, it still has a very long way to go to justify its ~240x multiple. Square’s dubious long-term outlook is compounded by the increasingly tense competition from PayPal (NASDAQ: PYPL) and Fiserv’s (NASDAQ: FISV) Clover application. While younger than Square’s payment solution, the latter is already processing more payments across the US, and importantly, growing at a faster pace.
CAPITALCOM:LULU
by BlackBull_Markets