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NFLX

Netflix after earnings: a chartNetflix was down almost 15% after earnings. I quickly pulled up a chart to investigate. As you can see the stock was maybe "running ahead of itself." It went into earnings up 60% year-to-date. Most stocks don't return that in even a 5-year timeframe. Regardless, as you can see, the price is about to near a crucial point that marks a lot of volume and trading (the shaded box). My guess is someone sold a lot in those levels and whoever bought might end up with the bag. Let's find out though when the market opens shortly.
NASDAQ:NFLX
by scheplick
QQQ D1 update: 20%+ correction SOON(NEW/UPDATE)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates QQQ D1 update: 20%+ correction SOON(NEW/UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Yes, I know, called that previously, and since then we still pushed slightly higher. However, only producing marginal highs since then. TSLA also gone parabolic pushing Elon Musk's networth >70 BLN USD in process, which is beyong ridic and just confirms that we are now in irrational exuberance / late stage of the bull market. 🔸 Summary and potential trade setup ::: QQQ daily hour chart review ::: fake V-shape recovery spells trouble ::: C1/C2 is 1.44/1.62 extension of AB swing ::: we are likely already maxed out ::: or got very limited upside from here ::: either way setting up for 20%+ correction ::: 3-5 weeks of correction incoming soon ::: better be prepared in advance ::: when there's GREED there's also PAIN ::: get ready for 20%+ decline in QQQ ::: a lot of OPEN GAPS left behind ::: they will get filled soon ::: good luck traders 🔸 Supply/Demand Zones ::: 205/188/176 fresh demand zones ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
NASDAQ:QQQShort
by ProjectSyndicate
4
Netflix: More upside potential. $700 realistic before profit-takNFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place. Both the LMACD and RSI are on levels where the price previously posted one last run to the Channel's Higher High, before it hit the Resistance Zone (red ray) and pulled back. We have a Target Zone for NFLX within 700 - 800.00. It is beneficial to add here that these long-term projections on NFLX have been particularly useful to our strategy. See our previous trading call on this stock in September 2019 when the price was trading at $260. The price is now more than double and approaching our (then) target of $650: ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:NFLXLong
by InvestingScope
2