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NFLX

Trimming NFLX here #stocksAlong with others in big tech like amzn, adbe, msft, and facebook, netflix has lagged the sp500 since May. The divergence has widened in the recent weeks enough to make me cut my position in half. We are still above the yearly moving average and above the range (rectangle) lows but most of the gains from the position put on in late November have evaporated and I don't want to see this position turn into a loser. Not sure what the reason for the divergence from the overall market is (maybe its yields- higher rates could lead to lower p/e ratios, maybe its competition) but price is telling me the only story that matters.
NASDAQ:NFLX
by IngenuityTrading
NFLX price would rise again!Hi every one NETFLIX INC because of the pandemic Netflix stocks has increase greatly and it seems that this trend would still continue! so you can see a symmetrical triangle which means (AB=BC) and the trend is upwards so the price will increase accordingly! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
NASDAQ:NFLX
by CobraVanguard
11
NETFLIX ASCENDING CHANNEL BREAKOUTNetflix losing strength as we can see from this ascending channel breakout and struggling to reach a new all time high. Levels to watch after the breakout of the channel, if the stock can trade above its 21 days MA average it'll have to penetrate the ascending channel and will probably trend higher and higher. If it doesn't and breaks below the 50 or 100 days SMAs then the next levels to watch are 475.72 (200SMA) and 463.31(the lowest level of the ascending channel).
NASDAQ:NFLX
by ALG18
12/23 WATCHLIST + MARKET OUTLOOK (Warning!)** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Very interesting day today where even though we GOT the stimulus bill, the market did not seem satisfied. We remained under the major support (now resistance) trendline in red, which has served as support since the coronavirus low. There are 2 reasons this may have happened: (1)There is a big possibility that the market had fully priced in a large stimulus package, and is now asking "ok, what else can you feed me?" OR (2) Investors are scared of the covid mutation making its way through Europe. Regardless of the reason, it is a particularly dangerous time for this to be happening because if you look at the put-to-call-equity ratio, it dropped to pretty much all time lows as soon as the stimulus bill was announced. This means that market participants are overleveraged on calls and expecting the market to continue going up (being greedy). While this is not a sell signal by itself, if the market starts to correct, we could see a big long squeeze as investors panic and offload their long positions. I would save the PCCE graph to your watchlist and check it frequently. It is essentially the chart that tells you when to be greedy vs. fearful according to the old adage: "When others are fearful, be greedy. When others are greedy, be fearful." A normal PCCE level is roughly indicated by the 2 white lines I've drawn on the graph. My bias going into tomorrow is neutral. However, the market doesn't care about my opinion and will do what it wants, and I will trade what it gives me! The watchlist from yesterday went absolutely nuts. Highly suggest finding your favorite setups and focusing on those. Don't worry about missing a play! There are opportunities every single day. WATCHLIST 12/23 Recall that my trading style is short scalps and intraday options. These are not swing levels. ZM calls over 409.1 BABA puts under 255.4 BLNK calls over 49 PENN calls over 96.65 PYPL calls over 244 SQ calls over 243.4 MRNA puts under 123 NVDA calls over 531.8 WKHS calls over 23.45 TWLO calls over 374.7 NFLX calls over 527.6
USI:PCCE
by algrowithm
12/22 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS With the stimulus bill all but passed, and fairly positive sentiment around existing vaccines being effective against the new coronavirus strain, I remain bullish and continue to believe we will see a blow-off top in equities in the short term. This morning during pre-market, we're seeing SPY back above the major support line (red) that has been support since the coronavirus low. Let's see whether we can break the major resistance line (green) today. If so, a good trade would be to wait for a retest of this line, and enter long on the bounce confirmation. Yesterday's watchlist went absolutely bonkers. I post watchlists daily - be sure to follow me so you get the notification! WATCHLIST 12/22 Recall that my trading style is short scalps and intraday trading. These are not swing levels. LONG LIST TODAY! Highly suggest you pick a few of your favorite setups out of these and just focus on them BA calls over 221.2, puts under 215.6 PLTR calls over 29.75 MSFT calls over 224 CHWY calls over 109.1 GRWG calls over 41.2 JMIA calls over 43, second entry 44.5 NFLX calls over 531.9 NVDA calls over 534.9 BABA puts under 257.8 DIS puts under 170 PYPL calls over 240.45 SOLO calls/equity over 7.65 TWLO calls over 370.5 HD calls over 272
AMEX:SPYLong
by algrowithm
Why is Netflix going to reach almost $700?Good morning traders, today we bring you our analysis on Netflix, since we consider that it has a great upward potential and is a good investment opportunity. Based on what the behavior shows us in the chart, we can obtain some conclusions: 🔸For many years this stock has been bullish, so we will base exclusively on the behavior of this year. 🔸From the beginning of this year to the ATH, the price had an approximate 100% increase. 🔸Of course, in the midst of the uptrend, as expected, there were corrections of between 15 and 30%. 🔸The remarkable thing about these situations is that, after correcting, the subsequent rise generated new highs. 🔸Right now we are facing a similar scenario, but with a bigger correction. 🔸It is a clear corrective flag pattern, with a duration of almost four months. 🔸The $ 60 zone was impenetrable, and each time the price faced it generated a bullish bounce. 🔸It is now heading towards the upper zone of the range, where we are expecting a bullish breakout. 🔸In the event of a break in the corrective structure, we estimate a minimum target of 20% to the upside, since it is the cloning of the broken range, which takes the price to almost $700.
NASDAQ:NFLXLong
by ThinkingAntsOk
2