NFX
GBP/USD pump #SMC,#Chartpatternspotted a demand zone on GBP/USD on the H1 timeframe, after price played out making series of lower high and lower lows (because we have being in a down trending market) the market had an impulse upward and a correction to the down side creating a falling wedge like pattern, which we can say is a continuation pattern. Entered the trade at 1.05560 with a 15 pips stop loss and 666 pips take profit
#SMART MONEY CONCEPT *SMC*
#SUPPLY and DEMAND
#CHARTPATTERN
#SpotFx_72
NETFLIX Earning Preview Traders Thoughts
The selloff in netflix has seen nearly all the "stay at home" pandemic gains erased. But we are back at more familiar levels and much better value. Once the market finds downside support then the relief rally should be quite large.
At these levels the risks are skewed to topside with market mood towards netflix already negative anything that surprises positive will have a bigger effect.
On more negative news it would have to be devastating for dip buyers not to be interested at 2020 lows.
Analyst Thoughts
Netflix is releasing its Q1 earnings report on 04/19/2022 after market close. The report will be for the fiscal quarter ending March 2022. According to Investing.com, the consensus EPS forecast for the quarter is $2.95, down 21.33% from the reported EPS for the same quarter last year. The consensus revenue forecast for the quarter is $7.94 billion, up 10.89% from the reported revenue for the same quarter last year.
Another major piece of data investors will want to pay close attention to is subscriber growth. In the fourth quarter of 2021, Netflix added 8.28 million subscribers, beating analysts’ expectations of 8.19 million. However, this was 220,000 fewer subscribers than Netflix added in the fourth quarter of 2020. In its Q4 2021 report, Netflix also lowered its guidance for the first quarter of 2022, estimating that it will only add 2.5 million subscribers to its platform, significantly below analysts’ previous expectations of 6.93 million.
Investors’ growing concerns surrounding subscriber growth combined with external market pressures, such as high inflation and rising bond yields, resulted in Netflix’s share price plummeting 21.87% after its Q4 earnings release. If subscriber growth is worse-than-expected in its upcoming quarterly earnings report on Tuesday, we could potentially see the share price test its 2020 pandemic low of $290.25.
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$NFX High Tight Bull Flag - Short Term Upside Potential +25%$NFX High Tight Bull Flag - Short Term Upside Potential +25%
- Plan to wait for break through and close above $18.75 resistance for confirmation.
- Earnings upcoming this month. Solid track record of beats should continue.
Near term target - $23.50 by early March
Note: Informational analysis, not investment advice.
$NFX Newfield Exploration - Overbought at Resistance$NFX Newfield Exploration approaching overbought territory today on light volume with an MFI of 95 after trading green 12 of the last 13 sessions. Expecting the 50d ema to provide some strong resistance - will be looking for a close under $18.00 for confirmation (<$17.75 ideally).
Targeting a 10%-15% retrace back to $15.00-$16.00 range by early February. Note the open gap to fill at $15.27 from 1st week of January.
Note: Informational analysis, not investment advice.
NFX Bear Channel ABC building?Folks, for me when I start seeing a lot of recent market leaders starting to bearish patterns I start to take notice. Its all about trading what you see vs think hear or fear, at least for us chartists it is.