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Netflix's Spectacular Q4 Performance Ignites Investors Spirit Netflix (NASDAQ: NASDAQ:NFLX ) has once again defied expectations with its stellar fourth-quarter performance, surpassing Wall Street estimates and achieving its largest-ever subscriber growth for the final quarter. The streaming giant added a remarkable 13.1 million subscribers, soaring past the projected 8.97 million, and bringing its total subscriber count to a staggering 260 million. As the company's stock experiences an upward surge, it's evident that Netflix ( NASDAQ:NFLX ) is not just riding the wave of its content library but actively reshaping the landscape of streaming services. Unprecedented Subscriber Growth: Netflix's robust subscriber growth in Q4 is attributed to strategic content releases, including the much-anticipated final season of "The Crown" and David Fincher's original film, "The Killer." The company's ability to consistently deliver compelling and diverse content has solidified its position as a streaming powerhouse. The 13.1 million new subscribers showcase not only the platform's global appeal but also its adeptness at retaining and attracting viewers. Financial Triumph: Netflix's ( NASDAQ:NFLX ) financials also paint a rosy picture, with revenues surging to $8.8 billion, surpassing both forecasts and the company's own guidance of $8.7 billion for the quarter. This represents a remarkable 12.5% year-over-year growth, driven in part by the crackdown on password sharing and the introduction of a subscription plan with advertising. The company's focus on profitability is further emphasized by the increased 2024 full-year operating margin forecast of 24%, up from the previously projected range of 22% to 23%. Diversification Strategies: Beyond its core streaming business, Netflix ( NASDAQ:NFLX ) is venturing into new territories, notably advertising and gaming. The streaming giant is keen on making advertising a significant revenue driver, with plans to enhance the attractiveness of its ad-supported tier. Netflix's foray into live entertainment, exemplified by the announcement of streaming WWE Raw starting next year, highlights the company's commitment to diversification and staying ahead of the competition. Competitive Edge and Future Outlook: While competitors in the streaming space grapple with profitability concerns and content cutbacks, Netflix ( NASDAQ:NFLX ) remains unwavering in its commitment to investing in a robust content slate. The company's refusal to pursue acquisitions of traditional entertainment companies or linear assets sets it apart in an industry undergoing significant changes. As Netflix ( NASDAQ:NFLX ) anticipates continued competition, its dedication to improving the entertainment offering signals a long-term strategy focused on capturing and retaining subscribers in an evolving market. Looking Ahead: Netflix's exceptional performance in Q4 2023 not only cements its status as a leader in the streaming industry but also underscores its resilience in adapting to changing market dynamics. With a record-breaking subscriber base, expanding revenue streams, and a commitment to innovation, Netflix ( NASDAQ:NFLX ) seems poised for continued success in the years to come. As the company navigates the delicate balance between subscriber growth and profitability, its strategic moves in advertising and gaming hint at a future where Netflix ( NASDAQ:NFLX ) goes beyond being a mere streaming service, evolving into a diversified entertainment powerhouse.
NASDAQ:NFLXLong
by DEXWireNews
NFLX Price Sharply Rose on NewsNFLX Price Sharply Rose on News of an Increase in the Number of Subscribers The closing price of NFLX shares yesterday was 490.50, but during after-hours trading, NFLX experienced a sharp increase due to the release of the report. Today, in pre-market trading, NFLX is priced at over 530 dollars per share. The main surprise contained in the report was the increase in the number of paid subscribers. Analysts expected +8.7 million, but the actual figure was +13 million. The growth in the subscriber base is attributed to: → the company offering a lower subscription rate that includes minor advertising inserts; → the improvement in the quality of content, including original series, sports broadcasts, games, and shows. The chart shows that the NFLX share price is developing within an ascending trend (shown by the blue channel). Assuming that the market may open around 530 dollars, then: → a bullish gap will form on the chart, which may serve as a broad support zone; → the price will surpass the psychological level of 500 dollars per NFLX share. This level, previously demonstrating resistance properties, may now change its role to support – as was the case with the level at 445 dollars. → the RSI indicator will show market overbought conditions. A scenario with some correction (e.g., towards the median line of the channel) is not ruled out after the emotions from the company's success subside. However, overall, the market looks strong, considering the backdrop of the decline in the NFLX price from its historical high of $700 in November 2021 to below $200 in May 2022. We may assume that Netflix has successfully restructured its business model, and if the subscriber base continues to grow at the same pace, the NFLX share price could reach $600 this year. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NFLX
by FXOpen
Netflix Makes a Power Move with $5 Billion WWE Raw DealNetflix ( NASDAQ:NFLX ) has made a bold move into the world of live events with a more than $5 billion deal to exclusively stream WWE Raw starting from January 2025. The 10-year partnership extends its reach to the U.S., Canada, Britain, Latin America, and other territories, marking a significant shift for the streaming giant. This transformative deal not only signifies Netflix's commitment to diversifying its content but also highlights its growing interest in the booming world of live sports and events. The WWE Raw Deal: Netflix's acquisition of the exclusive rights to WWE Raw is a strategic move that adds a new dimension to its content portfolio. This partnership goes beyond just one show; it includes the exclusive telecast rights for all WWE shows and specials outside the U.S., encompassing popular events like SmackDown and pay-per-view extravaganzas such as WrestleMania and Royal Rumble. The deal has sent shockwaves through the entertainment industry, with TKO Group Holdings, WWE's parent firm, experiencing a 21% surge in early trading. The Global Impact: Netflix's ( NASDAQ:NFLX ) reach is truly global, and this deal further solidifies its position as a dominant force in the streaming world. With exclusive streaming rights in key markets like the U.S., Canada, Britain, and Latin America, the company is set to captivate millions of wrestling fans around the world. The international appeal of WWE, combined with Netflix's extensive subscriber base, creates a win-win scenario for both parties involved. A Strategic Bet on Live Events: Netflix's $5 billion bet on WWE Raw marks a strategic shift towards live events, a realm it previously approached with caution. The streaming giant has experimented with live content in the past, facing both successes and challenges. The acquisition of WWE Raw, a live weekly show with a massive fan following, demonstrates Netflix's commitment to offering diverse, engaging, and time-sensitive content. This move aligns with the company's vision to become the go-to platform not only for on-demand streaming but also for captivating live experiences. Netflix's Evolution in Sports Programming: While Netflix ( NASDAQ:NFLX ) has long maintained that it is "in the sports business" focused on the drama of sport rather than live games, recent endeavors suggest a change in strategy. The success of sports-related programming, such as the Formula 1 racing documentary series "Drive to Survive" and the golf documentary series "Full Swing," paved the way for Netflix's entry into live sports events. The company's foray into hosting events like "The Netflix Cup" and comedian Chris Rock's live stand-up special indicates a shift towards embracing the thrill of live entertainment. The Future Outlook: The 10-year partnership with WWE Raw is just the beginning, as Netflix retains an option to extend the deal for another decade. This long-term commitment underscores Netflix's confidence in the potential of live events to attract and retain subscribers. As the streaming landscape continues to evolve, this move positions Netflix as a frontrunner in shaping the future of entertainment consumption. Conclusion: Netflix's $5 billion deal for the exclusive rights to WWE Raw is a strategic masterstroke that propels the streaming giant into the world of live events. The transformative nature of this partnership not only signifies a shift in Netflix's content strategy but also highlights the ever-expanding boundaries of the streaming industry. As Netflix ( NASDAQ:NFLX ) continues to evolve, this deal sets the stage for a new era of entertainment, where the lines between traditional broadcasting and streaming platforms blur, creating an exciting and dynamic landscape for both content creators and consumers alike.
NASDAQ:NFLXLong
by DEXWireNews
NETFLIX Will the stream giant correct after the Earnings?Netflix (NFLX) is reporting Earnings today and what we see from the past 4 weeks that has been unable to make new Highs, it might be pricing a peak. That peak might be a technical Higher High formation on the 1.5 year Channel Up, which is the Earnings disappoint, can initiate a medium-term correction towards the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line) Support Zone. The technical confirmation for a sell will most likely be a 1W candle closing below the 1D MA50 (red trend-line), which has been the standard support of uptrends within the Channel Up. In addition to that, we will be expecting to see the 1W MACD form a Bearish Cross. On that signal, we will target 425.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXShort
by TradingShot
1
Decide: Buy or Sell - Netflix vs. Tesla EarningsSome analysts anticipate that Netflix's stock could reach a new 52-week high above $500 per share following the release of its fourth-quarter earnings report this Tuesday. The $506 mark is considered a target, representing the price it fell to at the beginning of 2022. Positive sentiment towards Netflix has grown as profit estimates have been revised upward 17 times since the last earnings report. The company's revenue is expected to increase by 11% annually to $8.71 billion, driven by the introduction of a new, lower-cost, ad-supported basic subscription tier and efforts to combat illegal password-sharing. If the forecasted revenue materializes, it will mark the highest quarterly sales total in Netflix's 17-year history, representing an 11% increase from the previous period to $8.7 billion. However, this quarter's earnings might not live up to the company’s last earnings call, which generated a ~15% bump. Meanwhile, Tesla's fourth-quarter update, scheduled for release on Wednesday after the close, may have a different trajectory. Tesla shares declined by 4.4% after the last earnings report, experiencing their third consecutive earnings-reaction-day selloff. A fourth occurrence is possible, although it's also possible that the bottom is in. It will likely come down to whether investors are disappointed in their forward guidance for the first quarter of 2024 Tesla's margins are expected to face pressure due to its ongoing price-slashing strategy in recent quarters. However, this might already be factored into the current stock price. TSLA has shown a pattern of lower highs and lower lows since the peak in July 2023, and it remains to be seen if support will materialize at its support levels of $200 and $194.
NASDAQ:NFLX
by BlackBull_Markets
Netflix's Legal Triumph and Ad-Driven Ascension In a recent legal showdown, streaming giant Netflix emerged victorious in a California federal court, successfully defeating a shareholder lawsuit that accused the company of concealing the impact of account-sharing on its growth trajectory. The lawsuit, filed by a Texas-based investment trust in May 2022, sought damages for investors who purchased Netflix shares between January 2021 and April 2022. Despite the significant blow to the stock value and a subsequent drop in subscribers, U.S. District Judge Jon Tigar ruled that the plaintiffs failed to provide evidence supporting their claims. Legal Victory and Investor Response: The judge's decision, delivered on Friday, underscores the importance of substantiated claims in legal battles. While Netflix shares initially faced a downturn, losing a third of their value, the ruling has provided a reprieve for the streaming giant. The door, however, remains open for the investors to refile the lawsuit if they can bolster their claims with additional facts. Netflix's Stock Rollercoaster: The legal victory is just one chapter in Netflix's rollercoaster journey in the stock market. Between January and April 2022, the company's shares experienced a drastic decline of around 50%. The drop was triggered by revelations that account-sharing and increased competition had hindered new subscriptions. Former CEO Reed Hastings attributed some of the challenges to the complexities of interpreting subscription trends amid the ongoing COVID-19 pandemic. Ad-Supported Triumph: Amidst the stock market turbulence, Netflix is finding success in an unexpected corner—the ad-supported realm. Recent reports indicate that Netflix's ad-based plan has surged, surpassing 23 million global monthly active users. This substantial growth, revealed by President of Advertising Amy Reinhard at the Variety Entertainment Summit at CES 2024, marks a notable increase from the reported 15 million users just over two months ago. Engaging the Audience: Reinhard emphasized the robust engagement levels among users on ad-supported plans, with a staggering 85% streaming on the platform for more than two hours daily. This data suggests that the ad-supported model is resonating well with Netflix's audience, providing a fresh perspective on the evolving dynamics of streaming preferences. Pricing Strategy and Market Penetration: Netflix's pricing strategy for its ad-supported plan is noteworthy, with the Basic With Ads plan priced at $6.99 per month in the United States—less than half the cost of the Standard plan at $15.49 per month. This strategic pricing could be a key factor in attracting a broader audience to the ad-supported tier, as ad-tier subscriptions reportedly account for approximately 30% of all new signups in the 12 countries where the platform has been launched. Microsoft Partnership and Technological Advancements: Netflix's success in the ad-supported arena is further amplified by its ad-tech deal with Microsoft. The partnership designates Microsoft as Netflix's global advertising technology and sales partner, playing a pivotal role in the triumph of Netflix's advertising strategy and technology infrastructure. Conclusion: As Netflix navigates legal challenges and charts a new course in the ad-supported landscape, the streaming giant continues to demonstrate resilience and innovation. The legal victory provides a foundation for future endeavors, while the surge in ad-supported subscriptions showcases Netflix's adaptability in meeting evolving consumer demands. The company's strategic pricing, coupled with a robust technological infrastructure, positions it for continued success in an ever-changing streaming landscape.
NASDAQ:NFLXLong
by DEXWireNews
✨❄️🌟 The Tutorial How-To Find a Magic on TradingViewFinancial markets just finished its memorial 2023. Whatever the numbers at the “Closing bell”, on your monitors and in your portfolios, there is no doubt that 2023 year’s Santa Rally will go down in history as one of the most outstanding in many years. In November and December, 2023 the U.S. stock market was rallying for the 9th consecutive week in a row. This was the longest ever upside streak in SP:SPX over the past 20 years, since the fourth quarter of 2003. Well.. just try to answer what happened with the market the past one time. Happy New 2024 Year! ✨❄️🌟🎅🎊🌲💫⛄️🌠✨❄️🌟🎅🎊🌲💫⛄️🌠
NASDAQ:NDXEducation
by Pandorra
2
NETFLIX: This rebound isn't a buy opportunity.NFLX is staging a rebound on the 1D MA50 on a marginally bullish 1D technical outlook (RSI = 56.295, MACD = 4.710, ADX = 36.125). We don't consider this a buy opportunity as even if a slightly HH is made, the 1D RSI is showing a Bearish Divergence on a Channel Down, the same kind of bearish pattern that started the bearish waves in the two HH prior. Consequeantly we expect a pullback to at least the bottom of the Channel Up (dashed) or the HL trendline (which will be -25.25% from the top) depending on when the 1D RSI crosses under the 30.000 level (oversold), which was the buy trigger on the last two bottom opportunities. We have a long term TP = 550.00. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NFLXShort
by InvestingScope
1
Netflix in large Cup and Handle PatternNetflix appears to me to be completing a large cup and handle pattern. The initial peak of the cup appears at a price level of about $485 while the base appears to be at a low of $345. This price difference is $140, so I suggest the possibility that a new price target for NFLX should be at $625. The handle has just been broken in the upward price direction and I am trading this to that price target unless invalidation occurs. I am watching for the stock price to hold the $485 support that was once previously a resistance to confirm the trend and avoid invalidating the technical formation.
NASDAQ:NFLXLong
by Avatar_Trading
NETFLIX Expect this rally to be extended.Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise: Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30% rise from the bottom as the July 18 High. Their RSI patterns are quite similar, though obvious that the current is more aggressive, hence will correct equally aggressively at some point, probably early-mid January 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
1
NFLX ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NFLX chart mapping/analysis. Bullish recovery back into ascending parallel channel (green). Bull target(s) Breakout descending parallel channel (white) + descending trend-line confluence resistance Overhead gap fills (~470 / ~506.93 / ~566.88) Golden Pocket Fib + gap fill (~506.93) confluence resistance zone Bear target(s) Underlying gap fills (~412.52 / ~354.79 / ~341.38) Ascending trend-line support (light blue dotted) 38.2% Fib 23.6% Fib
NASDAQ:NFLX
by BlueHatInvestor
5
Is Netflix Stock A Buy After Third-Quarter ReportsInternet television network Netflix (NFLX) has a commanding lead in the streaming video market but its growth has slowed. NFLX stock cratered in 2022 after the company reported two straight quarters of subscriber declines. However, after a corporate course correction, some people might be wondering: Is Netflix stock a buy right now? Subscriber Growth Drives Netflix Story Netflix stock has benefited from the cord-cutting trend as people quit traditional pay-TV services. Over the last several years, Netflix has been laser-focused on growing its global subscriber base. It wants to build a competitive moat with scale. It has been investing heavily in local-language original content production worldwide. Netflix stock performance is linked to its net subscriber additions. But Netflix stock tumbled 51% in 2022 as subscriber growth stalled. Growth has rebounded in 2023 thanks to the addition of a lower-cost, advertising-supported service as well as a crackdown on unpaid account sharing. In the third quarter, Netflix added 8.76 million subscribers worldwide, vs. forecasts for 6.06 million. It ended the third quarter with 247.15 million subscribers worldwide. Netflix also announced price increases for its ad-free service plans in the U.S., U.K. and France. Netflix stock soared 16.1% on the first trading day after it posted third-quarter results late Oct. 18. Netflix Stock Fundamental Analysis In the September quarter, Netflix earned $3.73 a share on sales of $8.54 billion. Analysts had called for earnings of $3.49 a share on sales of $8.54 billion. On a year-over-year basis, Netflix earnings rose 20% while sales climbed 8%. However, Netflix's financial guidance for the fourth quarter was a tad below Wall Street's targets. For the current quarter, Netflix predicted earnings of $2.15 a share on sales of $8.69 billion. Analysts had been looking for earnings of $2.17 a share on sales of $8.78 billion in the fourth quarter. In the year-earlier period, Netflix earned 12 cents a share on sales of $7.85 billion. After a humbling performance in 2022, Netflix says it is focused on profitability. It also is targeting increased revenue with a lower-priced, advertising-supported service tier. Plus, it is looking to monetize rampant account sharing on the service and turn freeloaders into paying customers. The next major catalyst for Netflix stock could be the company's fourth-quarter earnings report, due in late January. Netflix Content Draws Subscribers Since it started its original content push, Netflix has launched quite a few hit shows. They include "Stranger Things," "Squid Game," "Wednesday," "Ozark" and "Bridgerton." It also has premiered popular original movies such as "Bird Box," "Extraction," "Murder Mystery," "The Old Guard" and "Red Notice." Recent buzzworthy shows on Netflix include TV series "One Piece," "FUBAR" and "The Fall of the House of Usher." Popular new original movies include action films "The Mother" and "Extraction 2" and comedy "You People." Meanwhile, Netflix is facing competition from traditional media companies. Max from Warner Bros. Discovery (WBD) launched in May 2023. Paramount Global (PARA) debuted Paramount+ in March 2021. Comcast (CMCSA)-owned NBCUniversal launched Peacock in July 2020. Other services include Amazon (AMZN) Prime Video, Apple's (AAPL) Apple TV+, Walt Disney's (DIS) Disney+, Hulu and more. Netflix Enters Video Game Market To create a stickier service, Netflix added mobile video games as part of its subscription offering in November 2021. Subscribers can play the games on Android and Apple iOS smartphones and tablets. Since September 2021, Netflix has purchased four game studios. It bought Night School Studio, Next Games, Boss Fight Entertainment and Spry Fox. It also has opened two new game studios. Netflix currently offers about 80 games to subscribers. They include action, arcade, puzzle, racing, sports and casino games. Netflix Stock Technical Analysis On May 18, Netflix stock broke out of a cup-with-handle base at a buy point of 349.80. It climbed as high as 485 on July 19 before pulling back. Netflix hit its record high of 700.99 in November 2021. Price Momentum NFLX is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:NFLXLong
by DEXWireNews
Netflix Surges 28% Since Q3 EarningsNetflix's stock in 2021 has been a rollercoaster, starting with a strong 62% rise by July, nearing the $500 mark, before experiencing a sharp downturn. The stock fell below the crucial 200-day moving average to around $370, marking a significant 28% drop, but found some support at the weekly 50-day average near $350. The Q3 earnings report was a turning point, with actual earnings of $3.73 surpassing the estimated $3.49. This led to a positive market reaction, with the stock opening 16% higher post-announcement and climbing 28% since then. The surge in earnings was primarily due to robust subscriber growth, a key indicator of the company's future financial health and stock potential. Looking ahead, Netflix faces major resistance levels, first at the $500 psychological mark, and then at last year's high of $609. Overcoming these barriers could signal further bullish trends. As of November, the stock is showing strong performance with an 8% increase, adding to the positive outlook among investors. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLX
by Sublime_Trading
4
NETFLIX SHORT?NFLX short - take profit before earnings? I shorted Netflix at $430. Up 20% on the position. Take profit before earnings tomorrow? What's your opinion on NFLX? Bear or bull? The mainstream media seems quite ambiguous ahead of earnings. I took a lot of profit this year so I thought about sitting on it until next year. But I could also dump some of my NVDA short (325 avg) that I got over my head on. this is not a financial advice. Trade at your own risk. follow for more.
NASDAQ:NFLXShort
by D1GITALTRADES
1
Apple - Sick Fundamentals Mean a New All Time HighI have recent calls on the SPX SPX ES - Welcome To The Fourth Quarter Rodeo The Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? SPY SPY - Did We Bottom, Or Is Manipulation Coming? And Tesla Tesla - Remember, The Ponzi Always Continues Which generally have a bullish-into-year-end thesis accompanying them, but caution that an October bottom for the second year in a row and a mega three day rally to start November may be something of a trap. When it comes to Apple, we have reservations that we topped under $200, for really obvious reasons, especially considering that on the monthly, the last three months of bearish price action haven't been that bearish. Yet, because the weekly shows us that there are two bars under $150 and $140 from last year that never printed a low, that those areas are probably protected until Apple starts to seriously deflate and enter an end-of-life cycle bear market. If Apple is going to enter an end of life cycle bear market, the MMs will 100% take out the $200 range and sell everything there first. So, fundamentally, why would Apple be at the end of its life? The answer is simple: the company, all these years, wed itself to the Chinese Communist Party, which is the scourge of humanity, The Beast, and the benefactor to Babylon (Shanghai). There's lots of really horrific data involving Apple numbers and the Chinese market right now, and the CCP under Xi Jinping is also rushing to replace other phone companies with domestic product, like the notorious Huawei. The elephant in the room when it comes to cellular and computer purchases in China is that they're down because there are less people in China as a result of the enormous damage the novel pneumonia pandemic that originated in Wuhan City has caused. SARS 1 in 2003 was covered up by the Party. The CCP made it seem like only a few thousand people died, when in reality, some accounts have stated that several million people died. Today, the Party still claims that less than 122,000 people died from COVID-19, despite China being the epicentre of the disease. You don't need an expert, or even a calculator, to figure out what's really going on and why the Chinese economy is in trouble. What's at stake for Xi and his faction is the 24-year-long organ harvesting genocide and persecution against Falun Dafa's 100 million practitioners. Although Xi has not participated in the persecution, and has, to the contrary, been killing via his Anti-corruption Campaign the Jiang Zemin faction who started and maintained the persecution all these years, the problem is that Xi is the head of the Party. When you kill a dragon, you decapitate it. But first, you start with its tail. And it's telling that former Premier Li Keqiang died a few weeks ago, merely in his 60s, at the hands of "an heart attack." So the fundamentals on Apple are bad because of China. So, with great faith in the principle of reversed logic, we actually look for longs with the chance to sell over $200. But the charts, as they stand, are not giving us a long signal. Everything, including Apple, bounced so hard in the first three days of November, and for Apple this came on the back of an earnings report, that we have to view the situation with major reservations, expecting that the candle painting of the low for the monthly bar has not yet been completed. Last October, Apple pretended to bottom, pretended to double bottom in November, and then gave it all back and set the low of the year at the end of 2022, and all of this happened while the indexes had properly bottomed in October. There was none of that "Magnificent 7" talk back then. So, how to trade this? I think it's wiser to go long on a breakout over $183 in a size that allows you to take partials at $198, $205, and $215 than it is to have bought in the last three days. And if we do dump, where we're looking for reversal patterns is at or below the April of 2022 low at $159.80~. But if we're about to moon for manipulation, we're actually likely to see a sweep just below the current November low of $167.90. So long as you can buy there without getting expired worthless on some short dated options, you'll have the best chance to ride the manipulation wave. But be careful. When it's time for the CCP to fall, all the bigger dominoes go with it, because they're all really lesser dominoes. Gap down overnight because of the time difference between Beijing and Manhattan means margin calls that scale in brutality, because Wall Street won't be in the mood to go risk on anything ever again. Nor will it have the money or the breath to.
NASDAQ:AAPLLong
by LordWrymouth
NETFLIX Can it realistically reach $600 in this environment?Netflix (NFLX) has established itself above the 1D MA50 (blue trend-line) since the aggressive price jump of October 19 on its bullish earnings. Still, the price is failing to break above the top (Lower Highs trend-line) of the blue Channel Down and technically the longer it fails to do so, the higher the chances become of a rejection. Until that happens, we can see that during similar 1D MA50 consolidations after price jumps in the recent past, Netflix rallied more. Now it has the 1W MA100 (red trend-line) as its long-term Support, hence a potential new rally can be even stronger. The previous 3 medium-term rallies have hit (or marginally missed) the 2.0 Fibonacci extension, so that is our target in case the price breaks above the top of the Channel Down. $600 is technically fair as it is on the Higher Highs trend-line of the Bullish Megaphone. Time-wise, this target is achievable by January 2024 as this is what the Sine Waves suggest. As you can see all 3 previous Higher Highs have been within the peak spectrum of the Sine Wave. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
1
Netflix Surges 16% Post Earnings!Netflix's stock surged 16% due to a 70% spike in subscribers for its new ad-supported tier, adding over 8 million users. This pushed the global subscriber count to 247 million, marking the largest growth since Q2 2020, a period influenced by pandemic-driven home entertainment demand. Financially, Q3 earnings exceeded expectations: projected at $3.49, they reached $3.73. Although the stock previously neared a concerning $300, positive earnings pushed it back up past the $400 level. Yet, a challenge remains: breaking the $423 resistance level from June 2018. Still, with a 7% rise in October and a 37% annual increase, the outlook remains optimistic.
NASDAQ:NFLX
by Sublime_Trading
2
Positive Earnings Gaps Seldom Fill: NFLXTo follow up on my analysis of NFLX from Wednesday ... Despite the market moodiness and selling, NASDAQ:NFLX reported well above estimates. HFTs triggered a huge gap up on heavy pre-open order flow yesterday. Volume was also huge, so smaller funds' VWAPs triggered and retail traders chased the stock while Pro Traders and HFTs made some big profits. Gaps up on positive earnings seldom fill completely. There is a strong support level at $350 which the gap up now confirms.
NASDAQ:NFLX
by MarthaStokesCMT-TechniTrader