NFLX
NFLX LONG SET UP (Netflix)TITLE/(DATE)- NFLX/USD (7/16)
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $478.50 (pending)
ENTRY 2- $471.50 (pending)
STOP LOSS- $468.50(100 PIPs)
TAKE PROFIT 1-$488.50 (100 PIPS)
TAKE PROFIT 2- $498.50(200 PIPS)
TAKE PROFIT 3- $508.50 (300 PIPS)
TAKE PROFIT 4- $528.50 (500 PIPS)
TAKE PROFIT 5- $548.50 (700 PIPS)
TAKE PROFIT 6- $568.50 (900 PIPS)
STATUS: Pending
Netflix stock plunged overnightNetflix (NFLX) earnings miss and weak subscriber guidance. The coronavirus stock market rally retreated Thursday, closing near session highs but with growth names lagging again. Earnings season adds another layer of risk for investors.
Netflix stock plunged overnight, wiping out nearly all the gains from its most-recent consolidation. Netflix earnings were disappointing. Meanwhile, Netflix subscriber growth was strong, but the internet TV streaming giant forecast weak gains for the current quarter.
NFLX Rollercoaster Week. Bullish FridayNetflix dipped sharply on earnings miss.
Weak subscriber forecast.
Beats revenue in Q2 report.
Revenue Estimate $6.08 B
Revenue Actual $6.15 B
Jim Cramer predicts a rise in FANG stocks after yesterday's pullback.
Yesterday's pullback occurred due to sellers collecting profits.
The market needs to consolidate before it continues trading up.
Pullbacks are healthy. Netflix has been hitting higher highs.
I predict the upward trend continues today.
Please always do your own research.
This is not advice.
I'm here to learn.
Thoughts?