NFLXD trade ideas
Netflix Broke Out. Now What?Netflix has climbed along with most other major Nasdaq stocks. Today we’ll consider some longer-term patterns on the streaming giant.
First is the February 3 high of $379.43, which NFLX broke last week. Clearing that level could make some chart watchers expect further moves to the upside.
Next is $458.48. Prices topped out there sixteen months ago as the stock trended lower. It may be the next logical resistance.
Above that, you have the January 20, 2022, close of $508.25. NFLX sat there immediately before plunging on a weak quarterly report early last year.
Investors planning exits may focus on these levels in the coming months. Options traders may also use them to select strikes and build strategies.
There are two other potentially bullish signals to consider. In the short-term, MACD is rising. In the longer-run, the 100-day simple moving average (SMA) has mostly risen since autumn. This contrasts sharply with the bear market early last year.
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NFLX AnalysisPrice playing out nicely as analyzed last week, giving us a 5.7% move to the upside. No changes to my expectations still, expecting price to continue higher with the bullish momentum. I'd expect some bearish retracement too, before climbing higher.
Roadmap for NFLXBlue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
Netflix Stock 11% Up Following Crackdown On Password SharingNetflix has made a strategic move to curb account sharing by nearly half its global user base to boost revenue and subscription rates.
The policy checks a device's IP address to confirm single-household usage, but tech-savvy users have bypassed these restrictions with a VPN app, Meshnet, muddling Netflix's ability to identify user connections from different locations.
This could potentially affect Netflix's bottom line.
Interestingly, following the announcement of the crackdown, Netflix's stock price surged by over 11%, peaking on May 30th with a 4% increase from the previous day.
However, with resistance levels at the $400 round number and the weekly 50 simple moving average, the company has a hurdle to overcome for stock growth.
Overcoming this resistance could signal a substantial recovery from the 75%+ decline seen from November 2021 to May 2022.
As Netflix faces challenges like the VPN loophole and strategic shifts, questions arise about the future course of the company and its stock.
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As always, keep it simple, keep it Sublime.
NFLXI think this is definitely in a uptrend, however if you are day trading then it is already hitting resistance so time for it to do a pullback before continuing upward.
Goodbye overpriced assets $NFLX $AMDTrend indicates more downside to come, I made a chart on Netflix a year or more ago now saying to buy, I believe this opportunity is over now/soon, we're now getting to a quarterly entry NASDAQ:NFLX NASDAQ:AMD
Not to mention the PE ratio on AMD and many other stocks. Gains to be made.
Symmetrical TrianglePrice is above the triangle and has reached long entry level.
The top line slopes down (was resistance but is now a level of support) and the bottom lines slopes up (support).
T1 in larger type than T2 and so on.
Overbought if RSI is set on 70 which is the norm. Some would set RSI to 80 for a high momentum security.
No recommendation
Netflix '400' Round Number ReactionNetflix has traded into the 400$ price level and immediately reacted. This is a historical resistance and is likely to trigger temporary drawbacks.
I would hold for a couple of days at most. This is otherwise a relatively legit company.
NFLX - Rising Trend Channel [MID TERM]🔹NFLX is in a rising trend channel in the medium long term.
🔹NFLX broken up through resistance at 370.
🔹The volume balance is positive and strengthens the stock in the short term.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NFLX AnalysisPrice playing nicely as analyzed last week. Price made a bearish retracement but failed to hit the fair value gap. Despite that, we got a continuation to the upside. No changes to my expectations, I'm expecting price to continue higher from here.
NFLX Watching for another BreakoutNFLX gapped up on the morning of 5/18 with high momentum and a volume spike both of
which faded by mid-day shown on this 15- minute chart. Since then price has been in a narrow
consolidation range centered about the POC line of the multisession volume profile. Price is
in the fair value area between the mean anchored VWAP and the +1 STD band. The zero lag
MACD is confirmatory for a trend resting in consolidation
I will watch for green candles in a row with the second having more range than the first. I will
check to see if the relative volume is 2X the running mean. If so, I will enter and try to get
the early breakout. Stop loss will be $365 below the POC line. I will exit upon seeing upper
wicks and volume falling back down to the mean. My expectation is for a quick 3 to 5 percent
trade with a R:R of better than 10:!.
NFLX AnalysisPrice playing out nicely as analyzed last week, giving us a 11.92% move to the upside after mitigating the bullish POI at 331.23. From here, price could make a bearish retracement to fill the fair value gap at 346.37 next before continuing higher following the bullish order flow.
It's movie time on FridayEver since my wife subscribed to Netflix, I have been chasing several good movies like Vagabond (Korean detective), re-watch Ip Man Part 1 to 3 and now hot on Billions; a movie where I find fascinating how hedge funds operate.
So, I took a look at the chart and like what I saw. I will monitoring the price for a pullback and if it still sits nicely on the bullish trend, I would initiate a buy and expect it to fill up the gap above.
Think about it, the profits you made could pay off your 1 year or more subscription fees, haha. Wouldn't you like that ?
$NFLX Bear FlagNASDAQ:NFLX did not tag the horizontal line but came close. Looks like a bear flag but it needs to break before it becomes bearish. If it consolidate into a bull flag its bullish and it can break out. #netflix
A complete analysis of the Netflix stockThe stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-way decline to retest the bottom of wave A or go a little deeper below, and thus a triple decline will be completed, and then prepare for the rise of a new impulse and make a larger historical peak
Note.. The scenario fails if the price closes above the $460 area
NFLX- SELL strategyI am not believing in this high level for NFLX from a technical nor fundamental basis.
The strategy is SELL current @ 365 and place stop loss @ $ 395 for now. Take profit @ $ 278.
Netflix's Shorting Potential Slipped Away by a Mere Two DaysMissed the Mark: Netflix's Late Entry Foils My Shorting Plan, and Now It's Breaking Bullish Boundaries!
Oh, the frustrations of timing! Just two days too late, Netflix seems to be defying my expectations. It's now poised for a structural breakout, potentially closing above the X point of my carefully identified Bearish Bat Pattern.
While this turn of events may be advantageous for Netflix, discouraging more traders from shorting, it's a letdown for me after patiently awaiting this setup for weeks.
But hey, that's the nature of trading. Time to swipe left on this missed opportunity and patiently await the next promising setup.
That said, the weekly resistance level holds(right).
Netflix might be on its way into another solid rallyYesterday's breakout above the VCP setup and the stock's close near its day highs could potentially signal a renewed up trend after a long consolidation period.
The VCP build up and breakout comes after the stock successfully traded above its 200 day MA for over 6 months.
With a stop below yesterday's low (more aggressive stop) or the most recent higher low (more conservative stop), long traders could be looking at a good gain here.
Call options could be another way to trade this as NFLX emerges out of a volatility contraction setup.
NFLX - uptrending along rising trendlineSince breaking up a base formation neckline @ 252, NFLX had began a rather choppy rise with moderately deep pullbacks. Longer term trader could place trailing stops slightly below the rising trendline for now and until such times when this trendline becomes irrelevant. This bull could have some way to go.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Long NFLXNetflix can go to around 375 - 380 if clears 350. Has taken small position, will add in case of pullback.
