NFLX
ROKUIF QQQ can comply and move forward higher ROKU can explode
Even with weakness though i believe the main leaders in tech currently would be ROKU / NFLX ..
NFLX does have upcoming ER so this could be reason as to why it's strong going into the new month while QQQ has been shaky and moving towards the downside. Expect ROKU and NFLX to continue with great strength and surprise.
IF Roku gets above 340 this opens the door to 370-420 range.
Monthly iTM calls could pay NICELY if we catch some steam on this one
LIS 316
Netflix Investment Outlook Assets move in 5 and 3's (Elliot wave simplified). From the macro view, it appears that we are in our 4th wave, and we have 1 more wave up to go. The leg of our bull pennant at minimum gives us a target of $681, which is confluent with the 1.146 fib.
If the stock market melts up and Netflix impulses, the Price target will be significantly higher!
Based on our Indicators, If the case is indeed bullish, we will bounce off the wolfpack baseline, and start another green streak. This leaves room for the RSI to go overbought one last time!
Overall, the chart is bullish, and a position should be taken once the breakout is confirmed. If a stock market crash was to occur, utilize the EMA's and support lines for positioning. The TA is overall optimistically favoring the long side!
NFLX ShortEntry price: 610-615$
Target price: 575-580$
Stop loss: 620-625$
Bollinger Bands: The price is approaching the upper band.
RSI: Indicator is approaching 70 level, therefore the market is near to be overbought.
Fibonacci Retracement: The price is approaching the resistance level (Fib 1.618 level).
Conclusions: Bollinger Bands and RSI suggest the trend reversal in the near future. Moreover, the price is approaching Fib resistance level, thus the short position is recommended with the stop loss above Fib 1.618 level.
No financial advice.
NFLX CALLS!!!! Looking here we see that NFLX bounced nicely right off the 9-day moving avg and is making a move towards resistance…
Now If we break resistance we are looking to take a pretty nice play in terms of options those premiums are a bit pricy but definitely worth it!
10/3/21 NFLXNetflix, Inc (NFLX)
Sector: Technology Services (Internet Software/Services)
Current Price: $613.15
Breakout price trigger: $610.00(hold above)
Buy Zone (Top/Bottom Range): $596.00-$570.00
Price Target: $646.00-$650.00 (1st), $765.00-$780.00 (2nd)
Estimated Duration to Target: 49-56d (1st), 210-224d (2nd)
Contract of Interest: $NFLX 11/19/21 650c, $NFLX 6/17/22 780c
Trade price as of publish date: $16.75/cnt , $18.85/cnt
NFLX Potential Bullish BreakoutPrice saw a decisive breakout on September 1st, breaking the major resistance level at 575. We even saw a re-test back down at this level last week. Now, it looks like the price is resuming off to the upside again.
$TCEHY / TENCENT has bottomedTencent has bottomed.
- Inverse H&S
- High volume
- Support from 200 WMA
- Support from trend line
- Oversold RSI
What else bottoming out needs? Nothing IMO.
Weekly Watchlist! 9/27 - 10/1Here is what stocks we are looking at this week!
NASDAQ:AMD
AMD over $107
Targets: $108, $109, $110
NYSE:SQ
SQ over $268
Targets: $270, $272, $275
NASDAQ:NFLX
NFLX over $600
Targets: $602.50, $605, $607.50, $610.
Decision Aproved 100% to BUY NFLX.After aproving its second retest in the range of 591,42 NFLX stock are preparing its breakout for the next signe of a storng buying and long position.
Now the situation is ready. What should we do?
As you're seeing on the chart the market is clearly above the VWAP Indicator, and we are surly protected as well as we are above it.
The target we will use going to be partial. How ?
First I recomend you to wait untill the candels try to breakout the VWAP linge taking road to the dip with a high bullish volume and with a strong shootingstar candlestick, this will be a signe to prepare to sell your first small quanties hoping to be just a retest on the VWAP linge in order to double your position if it takes road to the moon. But if it breaks it whit a strong bear candle, it's the time to take your total Profits.
Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX .
$NFLX (Netflix) set up for another leg up.I'm looking forward to see how this develops. Could we be in for a Tech Bubble 2.0?
$AAPL / APPLE going down after bouncing off from upper channelApple has been trading in a nice looking price channel for a while now. Every time it hits the upper channel line, it gets smacked down.
$SPY / S&P 500 LONG TERM RESISTANCE WORKED AGAINIt worked again. S&P 500 has not been able to break out from this resistance level since GFC.
NFLX LONG Bullish trend of Netflix, started in April 2020, seems to continue after the breakout of the channel formed in the last months. RSI shows us that is not overbought or oversold and ADX is above 40 indicating a very strong trend. Entry price would be close to previous support formed after breakout. Moreover, support coincides with 50 % Fibonacci suggesting a probably inversion of retracement formed in these days.
BUY ENTRY: $ 566.84
TAKE PROFIT: $ 614.21
TAKE PROFIT 2: $ 668.84
STOP LOSS $ 539.91
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NOT FINANCIAL ADVICE
NETFLIX Can Fall : Pattern CompletedTraders, Netflix made a great run and never gave a a chance to short beyond our sell level. (See the attached previous analysis idea). Now Netflix has gone out of the range to
1. Collect stop losses hence create a bull trap
2. Complete a W pattern
3. Touch 600 psychological level which was missed last time
This not has a potential to fall to target below (white horizontal lines)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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The setup on NFLX is 100% ready. Full Explanation.In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the current correction. We don't know yet how deep the correction will be, but we will keep moving the stop loss until we think this is no longer a correction but an evident bearish impulse.
The target we will be using at the moment is the Fibo Extensions of the whole range that was broken. Final Target: 772
The Risk rewards ratio we can expect on a setup like this is about 2 (however most of the cases in the past, the price goes far beyond that)
It's important to say that this setup after the breakout of a range on an ATH we have tested since the beginning of the NFLX chart, and our conclusions showed us that is a profitable pattern to trade. Why are we saying this? Because we have seen that sometimes the price executes the order, then goes directly to the stop loss, and the next movement is the beginning of the impulse. Based on that, we are willing to trade the same situation two consecutive times if the first pattern fails.
We will be risking 1.5% of our capital on this setup. The expected duration of the movement can go between 150 days to 250 days. (Patience patience, my friend)
Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX.
#NFLX | WEEKLY WATCHLIST 9/20Still some correcting to do before I want to buy in. Looking for a local top wave b to conclude and put in a wave c which should be buyable. Ideal buy will be around the $560 region. Will be on the sidelines until we test that region but worth keeping on watch.
Goodluck!
Netflix with upside 12%Good entry point for a breakout of the level after a long consolidation. Take 1 - 595 $, take 2 - 625 $.
NFlX short opportunity on daily#nflx we see it trading at 2.5 standard deviations from the quarterly vwap on the daily, with the most overbought it has ever been on the daily, furthermore it has formed a double top at all time high and bounced off from it. This breakout attempt did not follow up with the volume needed to be seen to move forward and shows candle exhaustion. Fair price is 530s. May try to fake out back over but not likely to hold. Not financial advice.
