Elliot wave count on NFLX, 5th wave extended, correction on going. Short until the end of wave C (80.15 or less) to trade the new cycle. Cheers!
Netflix will likely go to $76. Next official support is $69 at the gap.
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle. Will it fill the gaps at the bottom that it didn't fill last time? I can see that it will go to 58.53. But before that will it goes back up and fill the gap that it created today before it moves...
Next week brings in a bevvy of earnings plays, but not all are worth of a premium selling, implied volatility contraction play. These are the best among the offerings currently to play either via short strangle or iron condor, although others could naturally come to the forefront if implied volatility increases dramatically immediately before earnings. NFLX:...
NFLX long @ open Exit 80% of trade size @ 109.45 Stop @ 102.09 The remaining 20% size of the trade will ride the trend till i give exit signal.
Bull flag forming here with earnings a couple weeks away. One of the few stocks green today showing relative strength. Could bust through that 200 moving average soon on its way to $110. See where this thing opens tomorrow and adjust your risk accordingly. Ideal entry sub 104 on a morning gap down. Stop below micro support ~102. So risk $2 to get $6.
In my opinion we have opportunity to earn some money on long position. I bought this stock on Friday. We had breakout last resistance.. and now we can see that old resistance is our new support. We can set short s/l.. with nice risk to reward ratio.
Trending nicely into earnings
Notably tight and heavy resistance at the range of 100.32-101.87. If NFLX can clear this range, the next big level is 106.05-106.61.
Right now, spy seems like on its wave 4th. The weekly trend line has not been broken yet. A good signal is SPY across the 100 EMA and stands right at the 200 EMA. However, charts usually jumps up and down between average lines before they waterfall. Another weak signal shows us that MACD is now functioning below 0 line. To me, I don't expect SPY go any higher...
retest and short. tp at the bottom trendline.
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
Basic TA Inverted Hammer in a downtrend approaching 200sma Falling Wedge supports mapped out remember the market is fluid :)
Between Summer and Fall of 2015, NFLX has created a double top pattern. There were two possible necklines, one near $93 (lows of September 2015) and another at $85.50 (low from the China induced August 24 2015 spike). The stock traded around the $93 level this week and it looked like the stock might just avoid breaking through the $85.50 low. However, the tech...
Inventergy Global Inc. has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag on the right and the price is above the yellow 13 day exponential moving average (EMA) which is a very bullish sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and...
The slope of Netflix's current support is 100%/year. I personally don't see how this could be sustainable and I'm expecting the support to break, probably during this current approach. You could easily see this as an opportunity to go long, but that seems dangerous to me. What do you think? Please provide opinions, because I'm new to publishing ideas.