NFLX
$NFLX Long Strategy for Short Term Options Swing TradeMy analysis has NFLX in a wave 2 correction for a micro wave following a minuette wave 2 correction and subsequent bull flag breakout. I expect this micro wave 2 to retest the channel at the 0.5 to 0.618 retracement level. Once I see confirmation that the correction has ended, I will purchase an in the money Call Option with an expiration of 11/13. The 0.618 extension for the micro wave 3 is based on a retracement in wave 2 to the 0.5 fib level. I will need to adjust the fib extension once there is a definitive bottom.
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NETFLIX - Distribution nears completion?1. A buying climax with spike of supply stopped the up move in Jul 2020.
2. Gap down with huge supply reacting the earning created a supply zone.
3. Decreasing of supply together with the volatility till Aug 2020 cause a rally to test the resistance created by the buying climax.
4. Big bullish bar with spike of volume (with increasing supply) failed to touch the high at 574, suggested selling into strength. Subsequent down swing tested the support with increasing supply.
5. The next rally up only created an up thrust (false breakout) of the previous swing high at 557.
6. Gap down with huge supply.
7. Another attempt to rally with increasing volume but failed right at the next bar could suggest last point of supply before marking down.
Notice the supply zone at 2, 4, 6 & 7 posted strong resistance. To violate the bearish scenario, NFLX needs to commit above 525. A break below support at 466 would see NFLX finding support at 410-420.
Netflix looking weak? That has not happened in a long timeNetflix for the first time in a while, is just looking pretty weak. It is below its 50-day moving average AND its 100-day moving average. It looks toppy as well, almost as if a double top has formed. I think Netflix is a great company that has done a lot to change the world around content. I also though find its recent slump to be interesting.
First of all, Netflix has lead this market higher for a long time. The so-called FANG trade has be talked about for years. Netflix has been a leader and started the content movement, especially to the cloud and new on-demand TV model. With that being said, when a stock like this gets weak, it's time to pay attention.
First of all, what could be happening? Is their subscriber growth not happening as fast as expected? Did their recent price hike show what the next steps are? I.e. as subscriber growth slows they have to hike prices? This will be really interesting to watch and could be a barometer for the entire big tech market. Especially in the momentum side of the market.
Going forward, I have no trade on, and so I am just brainstorming and sharing my thoughts. However, I think the 50-day and 100-day moving average show the trend is weakening and possibly rolling over. How strong of hands do Netflix longs have? Have they no already had an amazing run for a company worth over $200 billion? Let's wait and see. I'm watching.
NFLX H4: SHORT IT: TP bears is 20% gains // 350/360USD(SL/TP)(STWhy get subbed to me on Tradingview?
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NFLX H4: SHORT IT: TP bears is 20% gains // 350/360USD(SL/TP)(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NFLX 4hour chart review and outlook
::: maxed out already
::: Currenly in distribution stage
::: SHORT IT and get paid
::: expecting break down this week
::: runaway BEAR gap as well
::: recommended strategy: SHORT IT
::: TP BEARS is 350/360 USD 20% gains
::: SHORT/HOLD setup
::: DO NOT expect overnight gains
::: This is stock market
:::Not casino in Macau
🔸 Supply/Demand Zones
. N/A
🔸 Why should I follow your setups?
:::Check track record it's all been posted
::: MRNA 200%+ gains, NVAX 300% gains, REG 60%
::: AMD 40% gains and a lot more in 2020
$NFLX Assassins Creed series coming!Hi guys!
Netflix and Ubisoft have partnered to produce the Assassins Creed series.
Ubisoft has more than 140M copies of AC games sold, 95M of which are unique. Ubisoft also reported that 3 of the top games that have over 10 million copies sold out Worldwide are AC Series - Assassins Creed: Origins, Assassins Creed: Odyssey, Assassins Creed: Unity.
For Netflix that means more or less +140M subscribers, higher revenue.
Update on Netflix - Bullish Pivot PointHey Traders, so last week I talked about how Netflix was nearing a pivot point. Well today, we got the signal that it could be pivoting to the upside. NFLX closed above the lower Keltner Channel band after 6 days of sideways movement. Ideally, this strategy would work its way across the channel to the upper bollinger bands. Let's see how it plays out. Be sure to read the original idea using the link below.
Netflix Inc. analysis📈NFLX LONG D1
🛒BUY above = 494.30
🎯Target1 = 503.70
🎯Target2 = 509.50
🎯Target2 = 518.95
🛑Trailing Stop loss = 479
❌Cancel trade = 479
🙈Recommended risk = 1-2%
#NFLX #NFLXLONG #BUYNFLX
📉NFLX SHORT D1
🛒SELL BELOW = 479
🎯Target1 = 467.85
🎯Target2 = 460.95
🎯Target3 =
🛑Trailing Stop loss = 494.95
❌Cancel trade = 494.95
🙈Recommended risk = 3-5%
#NFLXSHORT #NFLXSELL
Netflix is nearing a pivot pointHey traders, so Netflix NASDAQ:NFLX has been dropping the last 6 sessions and has fallen into one of my favorite areas for catching a pivot trade. Basically, the strategy here is to wait for Netflix to pop above the lower Keltner channel after being in between the lower Keltner and Bollinger bands before taking any long trades. Price still could move towards the lower Bollinger Band, so we need to be patient and not rush into a bullish trade, unless you are ok with having some drawdown, which I am not. I trade options, so I try to wait as long as possible before the pivot happens because theta decay eats up the long call position if I get in too early. If you are buying the stock, the passing of time will not hurt your stock position. On my trading platform, I wrote an indicator that automatically plots cyan dots whenever price is between the lower Bollinger Bands and Keltner channel, and then it plots a white dot once price crosses above the lower Keltner channel. I manually drew an example of what that looks like on the chart above.
So now that you know what I am waiting for, I'll tell you a couple of things about this strategy. Sometimes, the move I am waiting for ends up happening in between sessions. For example, if tomorrow NFLX gaps up and opens near the upper Keltner Channel, I wouldn't take the trade because the move I was hoping to capture with the long call already happened. I am looking to ride the long call as the stock steadily moves itself across the Keltner channel until it reaches the upper Keltner or Bollinger band.
Another thing that could happen, is price could fall past the lower Bollinger band. If that happens, it invalidates the trade (at least for me it does) and I would wait for the price to come back between the lower Bollinger band and Keltner channel so that I'll be ready to try again it crosses above the lower Keltner channel at that time.
Note for Options Traders: I usually try to buy calls with this setup, but I almost always experience a period of sideways movement which end up hurting the long call. To avoid the negative effects of theta decay, you can substitute the long call with a put credit spread since put credit spreads benefit from theta decay making them cheaper to buy back.
NFLX - Targets $482 (-15%) on subscriber growth missNetflix misses on Subscriber growth number. 2.20 million vs. 3.57 million expected.
If you ask me the expectation was too high and set to disappoint.
The chart is already forming a double top and creating short them resistance to the upside.
Last time when NFLX missed subscriber growth numbers and had a Quarterly decline was Q2 2019. On these results the stock traded down -15% before going higher into Q3 2019.
We will see a similar decline on this subscriber miss. I might to try to make a move up to catch the SMA with the gap down AH before it continues to trade lower by the end of the week.
RSI will curve down with 5 straight days of selling. Hoping for some buyers will show up next 2 days to build some downside resistance day after tomorrow.
Targets $482 – 15% from previous highs. could go much lower.
Already down in AH.
NASDAQ:NFLX Always trades down after ER before moving up.
Chart looks like a coloring class. Still new at this.
Do follow and comment below for your targets on NFLX for this week.
10/20 NFLX Earnings StrangleActionable strangle for NFLX earnings. A break of recent resistance or support in either direction is profitable on intrinsic value alone. Although premium is higher than ideal given upcoming earnings, there is still a good opportunity here. Will return to work and Cuties controversy lead to a substantial subscriber decrease? Or will earnings confirm the bull thesis? Additionally, will movement towards a cash flow positive business be perceived as a sustainable move, or signal the end of an era of growth and transition toward a share price more in line with a traditional business model.
Let's find out.