Netflix Wycoff Distribution I believe many of the large cap stocks in the market are going through large distributions. This is my take on Netflix ($NFLX) using Wycoff Method and his Distribution Schematics. There could be signs of recovery, but unless they have intense volume they will likely be Bull Traps. If the upward movement is on relatively low volume that is a sign of continuation to the downside finishing with Phase E .
Nflxshort
NFLX Netflix SelloffIf you haven`t shorted the top at my last call:
then you can see NFLX reached a strong support area and it`s now consolidating.
In 2021 insiders sold around $500Mil worth of shares.
The buy opportunity area is $350 - $385 in my opinion if you want to long it once again.
Looking forward to read your opinion about it.
NFLX: Setting the Stage for Big Tech and Growth Earnings on Thursday and the first big tech name to report (as always).
Over 527 can give you a trade, but I think they want to take this thing down to the 500 mark in to earnings. I will spec buy at 3:58pm on Thursday (eastern time) the $510c if she is red and trading around $500.
AAPL, MSFT, & NFLX ShortNow I just got Pro+ on Black Friday sale so I'm having some fun with the chart layout.
Here's the reasoning for my shorts:
AAPL:
- Bearish Rising Wedge
- Decreasing volume to pair
MSFT:
- Bear Flag in massive pivot zone
NFLX:
- Quite large double top after significant uptrend
- Neckline recognized as pivot point
- Decreasing volume to pair
Note: I would only short these two on the breakout below and possibly a retest.
Happy Shorting,
Stefan
NETFLIX(NFLX) FUTURE PREDICTIONTechnical Analysis Summary (POLKADOT)
NTFX/USDT
TREND ANALYSIS
We have 3 upwardtrend which is currently active in green.
The wider the trend the longer it is respected.
FUTURE PREDICTIONS
We have to keep respecting and holding new weekly levels and maintaning the trend to keep moving upward.
ALL THE GREEN SUPPORT LEVELS SHOW HOW NETFLEX KEPT LADDERING AND RESPECTING NEW AND HIGHER WEEKLY LEVELS AND CREATING TIGHTER TRENDS.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
NFLX ShortEntry price: 610-615$
Target price: 575-580$
Stop loss: 620-625$
Bollinger Bands: The price is approaching the upper band.
RSI: Indicator is approaching 70 level, therefore the market is near to be overbought.
Fibonacci Retracement: The price is approaching the resistance level (Fib 1.618 level).
Conclusions: Bollinger Bands and RSI suggest the trend reversal in the near future. Moreover, the price is approaching Fib resistance level, thus the short position is recommended with the stop loss above Fib 1.618 level.
No financial advice.
NFLX ShortEntry price: 559-569$
Target price: 502-510$
Keltner Channel: the price crossed the upper boundary.
RSI: indicator crossed 70 level, the market is overbought. Therefore, the bearish movement might occur.
Conclusions: RSI and Keltner Channels suggest the trend retracement. The short position is recommended after the price rejects from the resistance level.
no financial advice
NFLX Long/Short?NFLX been having the same pattern for a long while now. But let the market pick the direction before entering a trade.
Bullish over 509, PT 520-525
Bearish under 491, PT 478.43-470
Still stuck in that channel wait for a break of the purple trendline for long, grey trendline for short. Also its tricky with vaccine and stim news. Who cares about NFLX now?!
Netflix Inc. analysis📈NFLX LONG D1
🛒BUY above = 494.30
🎯Target1 = 503.70
🎯Target2 = 509.50
🎯Target2 = 518.95
🛑Trailing Stop loss = 479
❌Cancel trade = 479
🙈Recommended risk = 1-2%
#NFLX #NFLXLONG #BUYNFLX
📉NFLX SHORT D1
🛒SELL BELOW = 479
🎯Target1 = 467.85
🎯Target2 = 460.95
🎯Target3 =
🛑Trailing Stop loss = 494.95
❌Cancel trade = 494.95
🙈Recommended risk = 3-5%
#NFLXSHORT #NFLXSELL
NFLX - Targets $482 (-15%) on subscriber growth missNetflix misses on Subscriber growth number. 2.20 million vs. 3.57 million expected.
If you ask me the expectation was too high and set to disappoint.
The chart is already forming a double top and creating short them resistance to the upside.
Last time when NFLX missed subscriber growth numbers and had a Quarterly decline was Q2 2019. On these results the stock traded down -15% before going higher into Q3 2019.
We will see a similar decline on this subscriber miss. I might to try to make a move up to catch the SMA with the gap down AH before it continues to trade lower by the end of the week.
RSI will curve down with 5 straight days of selling. Hoping for some buyers will show up next 2 days to build some downside resistance day after tomorrow.
Targets $482 – 15% from previous highs. could go much lower.
Already down in AH.
NASDAQ:NFLX Always trades down after ER before moving up.
Chart looks like a coloring class. Still new at this.
Do follow and comment below for your targets on NFLX for this week.