Nflxlong
NFLX - DAILY TREND - 21. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
DAILY STOCK MASTER SIGNAL
1 HOUR
Strong bullish open with instant jump above previous Highs
4 HOUR
Bullish market after a pullback, following normal trend now
OVERALL
Very strong and bullish stock, following this trend.
LEVELS
BUY NFLX @ 370.70
SL @ 362.70 (820 Pips)
TP OPEN, WE RIDE THE WAVE!
„We will move our SL every day! Be patient!
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NFLX: We are headed to the mid-400sDear all, with regards to context if you don't understand the concept of Elliot Wave theory please take a few minutes to study it or my analysis will not be clear. I believe we are in the final wave of a bullish 5 wave structure in NFLX which started back in Dec. 17. I have not displayed the beginning of the wave count because there is more important recent information I've highlighted within the chart. So long as the recent low of 310.93 holds trend based Fibonacci levels on the chart and a verbal message pegged in b/w them show a conclusion of the rally in the mid 400s. As of writing MACD is fine and On Balance Volume shows there is steadily increasing buying interest.
Thanks for reading, questions and criticisms welcome
NFLX @ Daily @ ready to take off (new all-time highs)Probably NFLX is one of the shares with the most exciting bullish perspectives !?
133.27 (2015/12/07) is the actuallity all-time high price level
129.29 (2015/08/05) was the 1st all-time - summer last year
111.85 (2016/06/14) was the high in june this year before pressure appeared
An BreakOut above 133.27 should generate a mid-term buying signal & a BreakDown under 111.85 likely a mid-term selling signal :)
How ever,
as long NFLX is trading above the GAP (116.50 > 100.73) i am pretty bullish for this share ...
Prices from 120.37 until 116.50 are buying price areas for bulls !!!
1st target should be 125.81 (end of extended downside trendline)
2nd target should be 126.16 (temporarly high after november`16 lows)
3rd target should be 128.93 (start of extended downside trendline)
After that, should the way into new all-time highs be free - likely only a quest of time :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Buy Order on NFLXThe drawings on the chart make it pretty self explanatory, but, based on all the fundamentals and recent surge, I'm very bullish on NFLX.
With that being said, I believe there will be a continuation of the current downtrend, testing of the support and back up to -at least- the current resistance level.