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Netflix Surges 28% Since Q3 EarningsNetflix's stock in 2021 has been a rollercoaster, starting with a strong 62% rise by July, nearing the $500 mark, before experiencing a sharp downturn. The stock fell below the crucial 200-day moving average to around $370, marking a significant 28% drop, but found some support at the weekly 50-day average near $350. The Q3 earnings report was a turning point, with actual earnings of $3.73 surpassing the estimated $3.49. This led to a positive market reaction, with the stock opening 16% higher post-announcement and climbing 28% since then. The surge in earnings was primarily due to robust subscriber growth, a key indicator of the company's future financial health and stock potential. Looking ahead, Netflix faces major resistance levels, first at the $500 psychological mark, and then at last year's high of $609. Overcoming these barriers could signal further bullish trends. As of November, the stock is showing strong performance with an 8% increase, adding to the positive outlook among investors. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NFLX
by Sublime_Trading
4
💡 GBPUSD: Next prediction➡️ The anticipation for a reduction in interest rates by the Bank of England in 2024 remains steady, albeit now leaning towards a decrease of approximately 75 basis points. The central bank appears intent on tempering exaggerated market expectations regarding a forthcoming interest rate cut. Given that the enduring impacts of previous interest rate hikes have yet to permeate the economy, there is an anticipation of subdued economic growth in the future. This is expected to provide considerable support for the pound; however, the immediate trajectory of UK government bond yields remains uncertain. ➡️ Observing the GBP/USD pair, it is evident that the currency continues its downward fluctuations following a recovery, currently tracking below the 48-hour moving average on the H4 chart. Concurrently, the MACD double line and histogram bar display a downward momentum expansion around the zero axis once again, indicating a continued short-term decline for GBP/USD.
Short
by Stone_Haven
stock telling what to dostock it, self-telling what can move except from that. high-debt company micro cap company Market Cap ₹ 60.9 Cr. Current Price ₹ 66.1 High / Low ₹ 71.8 / 38.2 Stock P/E 9.99 Book Value ₹ 37.8 Dividend Yield 0.00 % ROCE 8.69 % ROE 3.74 % Face Value ₹ 10.0 Industry PE 31.1 EPS ₹ 6.63 Debt to equity 1.17 Price to book value 1.72 Debt ₹ 40.6 Cr. EBIT ₹ 9.91 Cr. Cash End ₹ 0.95 Cr. Reserves ₹ 25.6 Cr. Quick ratio 0.63 Current ratio 1.18 PEG Ratio NPM last year 0.59 % OPM 5.95 % CMP / FCF 10.2 Intrinsic Value ₹ 74.2 Return on assets 1.00 % EV / EBIT 10.1 no recommendation from me to buy or sell
NSE:VINEETLABLong
by investigationofchart
Bullish Momentum Unleashed: A Daily Analysis of GBP/JPY's PromisHello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current movement is still bullish. We anticipate the trend to continue, aiming for a break of previous highs. Furthermore, we expect a breakout of the channel to reach the BSL (Breakout and Support Line). For the monthly points, our targets are set at 186.76 for the first point and 195.99 for the second point. Keep a close eye on the charts for potential confirmations and adjustments. Happy trading!
Long
by BlackWatch01
Dive into GBPUSD Trading InsightsGBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics. On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone. My preference in this scenario is clear—I favor the bullish bat pattern on the 4-hourly chart. Now, I'm curious about your preference. What's your take on these setups? Feel free to share your insights below!
Long
by RaynLim
💡 GBPUSD: A reversal pattern appearsGBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming its upward momentum, aligning with signals of reversal observed in the preceding session.
Long
by Stone_Haven
💡 XAUUSD: The downward momentum has not stoppedGold experienced its third consecutive drop yesterday, with a significant decrease in price. The daily bar, referred to as D1, exhibited a substantial decline and closed near its lowest point. It concluded above the bottom of the previous D1 bar, indicating robust selling pressure. Furthermore, yesterday's D1 bar closed below the bottom of the most recent upward movement, which may serve as a catalyst for a further decline in D1 gold prices. The hourly trend for gold, represented by H1, maintained its downward trajectory, reaching a new low in price yesterday. Both daily and hourly timeframes favor a continued decrease, making today's H1 gold trend one to watch for potential selling opportunities.
OANDA:XAUUSDShort
by Stone_Haven
💡NZDUSD: Will there be a turnaround?NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways movement. On the H1 timeframe, NZDUSD is forming a price range, indicative of a cumulative sideways phase. The primary strategy for today involves selling NZDUSD on the H1 chart from higher levels. Alternatively, there's a reserved approach to wait for a potential buy opportunity if NZDUSD on H1 breaks above and successfully retests.
Short
by Stone_Haven
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
by mohemati
5
💡GOLD: Overwhelmed by the strength of the USDThis morning, the global gold prices extended their drop, as spot gold decreased by 8.8 USD to reach 1,968.7 USD per ounce. Gold futures were last recorded at 1,973.5 USD per ounce, marking a 15.1 USD drop compared to yesterday's morning prices. The resurgence of the USD during the evening trading session on November 7 reduced gold's attractiveness to buyers using different currencies. Investors are eagerly awaiting a series of upcoming speeches by officials from the US Federal Reserve (Fed) this week, with particular anticipation for Fed Chairman Jerome Powell's address scheduled for Wednesday and Thursday.
TVC:GOLDShort
by Stone_Haven
2
Gold prices are under pressure from a strong USD#XAUUSD: Bearish Comments - November 9 🔴ENTRY SELL: 1960-1964(STOP: 1973) ✅Target date: 1931 ✅Distant goal: 1900 ---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x. ---On the H1 frame, the price is currently showing signs of a short correction. Today it is possible that gold will recover slightly to the 1959-1960 resistance area and then continue to go down. => Today, to have more safe selling points, traders should wait for gold to test again to officially confirm an upcoming strong downtrend. => Wishing all traders a productive new trading week
OANDA:XAUUSDShort
by TheLeader_WOLF
2
XAUUSD: Fed Chairman: No signs of interest rate cuts in the shorPatrick Harker, President of the Philadelphia Fed, stated: At the most recent FOMC meeting, supported a steady interest rate approach.There are no immediate plans by the Fed to lower interest rates, so they will remain high for longer.It's time to evaluate the effects of previous interest rate rises.Depending on the statistics, the Fed may decide to raise or maintain interest rates in the future.A better equilibrium is being reached in the labor market.In 2024, the unemployment rate will increase to 4.5% before declining.Assured of a gentle landing Though not yet in a recession, growth may slow After steadily declining to 3% in 2024, inflation drops to 2%.
OANDA:XAUUSDShort
by Chart_MasterPro
1
This is My Favourite ICT Day Trading ModelHello traders, This is the complete breakdown of my favourite ICT Day Trading Model. This is so easy to replicate on any two time frames. One must be higher, while the second one which is for entry should be lower. The higher time frame is for market direction, orderflow, trend. Identify your discount and premium levels on higher time frame. above 50% of your fib is premium, while below 50% is your discount. If price is bearish, you are to look for sell opportunities when price retrace back to your premium levels. Then go to your lower time frame to look for selling opportunities. Your entry should be taken mostly within London kill zone. For you to have a quality A+ trade setup, time and price must align together with your trade idea. Your trade idea have a high probability of working out if you take your entry within London Kill Zone. Look at my chart diagram to understand the model.
Education
by Elijahenoch7
2
💡 GBPUSD: Next week predictionBoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK. Earlier this week, currency markets adjusted their expectations for a potential rate cut from 40 basis points to 51 basis points by December 2024. Upcoming economic data releases will provide traders with greater insight into the BoE's interest rate trajectory. The initial focus on the economic calendar will be the release of the UK's services PMI figures. Subsequently, attention will shift to US data. The consensus in the market is that the PMI data will likely remain below the 50-point threshold and have limited impact on the GBP/USD currency pair. The subsequent NFP report may introduce heightened volatility to the pair, following preliminary figures such as ADP data and unemployment claims earlier in the week.
Short
by Stone_Haven
9
#GBCAD selling opportunityHello, everyone. I hope you're all having a great start to the week. Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money management. The price is currently situated at a Daily Clean break area, which serves as a supply zone in the daily timeframe. Additionally, the price has reached the 61.8% Fibonacci retracement level and appears to be forming a rising wedge pattern. Moreover, in less than 10 minutes, a bearish hammer candlestick formation will likely occur in the 4-hour timeframe, further supporting the potential for this trading zone. It's essential to note that in the forex market, there are times when the price presents clear patterns. However, it often initially moves against the pattern to trigger traders who trade in the direction of those patterns and then reverses in the direction of the pattern. I believe that the bullish breakout from the wedge pattern is a false breakout, and the price will eventually return inside the pattern. For entering a position, you can either trade based on the 4-hour bearish hammer candlestick formation or wait for the price to return inside the wedge pattern. In any case, your stop-loss should be placed above the high formed in this candle. Wishing you all the best.
Short
by mohemati
2
💡 NZDUSD: On the declineNZDUSD is experiencing its second consecutive day of losses. The D1 candlestick chart from yesterday displayed a downward trend with a modest lower shadow, indicating that selling pressure was relatively subdued. The price is currently rebounding from these declines. NZDUSD's daily chart continues to exhibit a sideways consolidation pattern. While the hourly H1 chart still maintains a bullish price structure, today's trading may witness a potential selling opportunity at higher levels. Should the price breach this level, it could signify a revival of bullish momentum, presenting a chance for re-entry into long positions.
Short
by Stone_Haven
2
💡 XAUUSD: Gold reversed and dropped sharplyAccording to Heraeus analysts, one of the key factors supporting the current strength of gold is the consistent and robust buying power of central banks. This remarkable level of central bank acquisitions may account for why gold prices have shown resilience, even in the face of downward pressure from a strong dollar and rising bond yields so far this year. Experts point out that central banks have increased their gold reserves by 800 tons, representing a 14% rise compared to the same period in 2022. Furthermore, experts anticipate that central banks will continue to show a strong inclination towards gold purchases this year, although it is unlikely to match the purchasing power seen in the previous year. Nevertheless, if the fourth quarter performs as well as the previous one, global central banks' net gold acquisitions are poised to surpass the record set last year, which stood at 1,082 tons.
OANDA:XAUUSDShort
by Stone_Haven
3