Netflix to breakdown?Netflix - 30d expiry - We look to Sell a break of 410.77 (stop at 430.77)
We are trading at overbought extremes.
485 has been pivotal.
Prices have reacted from 485.
Short term bias has turned negative.
Short term momentum is bearish. 411.50 has been pivotal.
A break of the recent low at 411.50 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 360.77 and 350.77
Resistance: 430.00 / 445.00 / 455.00
Support: 411.50 / 390.00 / 370.00
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NFLX trade ideas
$NFLX - Potential head and shoulderNASDAQ:NFLX Netflix is looking like it is forming a head and shoulder pattern.
If it breaks below the $411 neckline, it could see a further breakdown that could see the price touch back the uptrend line that started since July 2022.
Here are the areas to watch for potential support and reversal:
- $411 (neckline)
- $387
- $368
- $354 (the worst case)
I will update the chart once I see a potential reversal.
Like and follow me for more charts.
NFLX head and shoulders daily?watching netflix over the last few weeks/months, seems to be making a clear head and shoulders move downward, and it would be enhanced by disney/hulu initiating the password sharing and limiting customers that were only paying for one or the other, the user pool was probably diluted from the password sharing as a majority of people dont want ads or pay extra premium....
just my thoughts, short term i am looking down but netflix is well established long term
Netflix Ventures into Video Game Streaming: A Game-Changer in th
Introduction:
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Why This Matters:
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The Call-to-Action:
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Conclusion:
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NFLX HEAD & SHOULDERSA clear pattern of HEAD & SHOULDRS PATTERN .
From here we can expect it to get down below the EMA 50 and find some support at 411 ,
we could expect a small pullback above the 411 then break the support and go below the 411.
Always remember that stocks follow SPY direction and movement. you can see more info on SPY movement on my profile here.
Bearish IdeaThe entire market is looking bearish, at least for the time being, but the reason I chose NFLX is because not only did it lose the Daily 50 SMA, but also because of the massive Head & Shoulders pattern that has been forming since June, with support at the neckline around 412'ish to 415'ish.
If it breaks below the neckline, lookout below. It would be looking extremely Bearish with support at the Daily 100, 150, 200 moving averages as well as the trendline.
Warning: This is strictly an idea which don't always play out and in no way is financial advice. It is merely an opinion.
Happy Trading!
NFLX just pulling back to support.Wait for NDX correction finishWait for NDX pull back finish; price far from 21 & 50 MA in weekly. $380 around is good price. $410 is daily support. Have to see the price action. Pull back, correction going on. Daily chart doesn't look that good.
Weekly looks very good.
$NFLX Pullback & Breakout?NASDAQ:NFLX looks to be breaking out after a short consolidation period. This pullback, even though it had big initial volume, has been orderly and shallow. I went long ½ size position on Friday July 28 on the gap up open and made it a full-sized position today. See notes on chart for my thinking.
Ideas, not investing / trading advice. Constructive comments always welcome. Thanks for looking. Hope this helps.
Netflix Overbought and Facing Resistance Netflix NASDAQ:NFLX
EARNINGS RELEASE TODAY (AFTER THE CLOSE)
Entry Pending Until:
- Break above overhead resistance, making it support
- A revisit of the 200 Day SMA
- In both, tight stop required
We are currently oversold on the RSI and whilst the stock could remain oversold for weeks the last 2 times we reached this exact RSI level we were rejected. For this reason I see no reason to be rushing into this trade. If you put on a trade you need a tight tight stop loss.
The head and shoulders pattern could take another year to play out. For the moment I am focused on the immediate resistance overhead, the overbought RSI signal and the 200 SMA.
Its amazing we don't see more Netflix in feeds, we are up 200% over the past 12 month period.
Hope this helps anyone trying to build a structure of the chart for a potential play.
PUKA
NFLX setting up Fib retracement level bounce LONGNFLX up trended starting June 1st through an upper long term anchored VWAP
to the next higher VWAP line coinciding with earnings. NFLX dropped after
good earnings probably because investors expected even better. On the 30
minute chart, NFLX has more or less completed a 45-55% retracement of that
trend up and is now sitting on the VWAP line that it crossed back in early June.
Volumes are decent above their moving average. The zero-lag shows a line
cross under the histogram which just converted to positive. I analyze this as
suitable for a long entry targeting that higher VWAP band line at 495 with
a stop loss at 415, the recent pivot low. I will take both a stock trade of
10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated
Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits
from smaller positions in the same time frame . This looks like another opportunity.