$NFLX - bull and bear thesisNASDAQ:NFLX
Daily timeframe
* At the end of this triangle, ready to bust a move
Bull: A move back to $373, if breakout
Bear: A move back to $282, if breakdown
NFLX trade ideas
NFLX - Double TopA double top pattern which is considered bearish
This double top formed at a location of strong resistance
Daily chart
NFLX daily and hourly chartsNFLX
Ready to trade this either way. Watching this sweet looking bear flag. Or a breakout of the pattern on the daily remounting the 9EMA and testing the 21EMA like we saw with TSLA on Friday.
Netflix This stock has been weak since earnings. We had considlation from 325-335 for a solid week after the earnings drop to 300 Howver we finally failed 325 abs dropped back to retest the same 316 support area.
We tested it yeateday at close and today at open. It is showing some solid support for now howverr even off the rally today potential double bottom setup, we still contiue to make lower highs and reject the 324.55 today where I got into my short position.
I’m looking for a break of 316 and hold below as reistance to start it’s downward movement back towards 300$ and 292 as my expected low. I’d expect a big bounce from there ba k towards 332$ howbeee if we do get to 292 and bounce and fail 332 area again, the lows below 292 could drop this down towards 250$ overall
Either way my short idea is 322-324 short entry. Or break of 315.80 rejextion can short to 300$ Or place stops and try to bring towards 292
NFLX Double Bottom along with Bullish divergence I have found double bottom in NFLX chart, furthermore we can see bullish divergence on the chart by using RSI indicator, in this point we have to wait and see, if trend is reverse and buyers start taking control than we will take entry as per given plan otherwise I will not take entry at this point.
Netflix Staggers as the Nasdaq SoarsThe Nasdaq-100 hit a nine-month high yesterday, but one prominent name has been left behind: Netflix.
The first pattern on today’s chart is the series of lower highs since early February. (Marked with white arrows.) This demonstrates a lack of relative strength when compared to the broader index.
Second, consider the closing lows of February 10 and April 12. NFLX subsequently rebounded to both levels but failed to hold. Has old support become new resistance?
Third, the stock has been unable to recover from a bearish price gap following its last quarterly report on April 18.
Next, it just completed an inside week barely positive. Such tight price action may suggest it’s getting ready to move.
Finally, the lower study includes our 2 MA Ratio custom script. It recently turned red, meaning the 8-day exponential moving average (EMA) has dipped below the 21-day EMA. That’s a potential sign of a bearish short-term trend.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NFLX- SELL strategyThe chart looks great, a large triangle with resistance $ 378 and support $ 311.
the chances are greater for breaking lower, RSI negative and so is the MACD amongst some others.
Strategy is SELL current and place stop above $ 380 and profit order $ 265 for now.
NFLX:Sell ideaSell idea on NFLX as you see on the chart after the breakout of vwap and support line.Thanks!
Netflix to the Upside 4/30/23I think Netflix is going to the upside tomorrow. the market may pull back slightly but after that ill be looking for a setup to take Netflix long. NASDAQ:NFLX
NFLX to 400 priceNFLX is taking a bullish trend after some weeks going down.
Is it time to go up?
We will see it...
NFLX AnalysisPrice has taken the liquidity at 321.28 and is trying to push higher. Despite that, price has built sell-side liquidity again. My bias is bullish for this ticker. However, there is a possibility that price takes the sell-side liquidity first before going higher, taking the buy-side liquidity in this consolidation.
NFLXGetting tight here in this pennant
Inside the pennant Nflx is pushing up against the white trendline. A break over 331 and I like calls to 337
Pennant Support at 325.
A breakover 339 and my first target is 346 gap close
A break below support and we head to 317
The setup looks bullish here even though we may test support early in the week .
NETFLEX IS IN SIDEWAYS TRENDNETFLEX IS IN SIDEWAYS TREND so will be trading supports and resistance.
Netflix in the rising channelOn the chart we can see a rising channel. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
From there we expect the price to go higher and eventually retest the upper boundary of the rising channel.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
$NFLX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:NFLX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 72.73%.
NFLX daily chart neutral bias.A couple levels I'm watching for this week. Looking bearish on the daily rejecting off the
21EMA with a long wick after earnings miss and the EMAS are about to cross. However, on the weekly chart we have a hammer candle with a nice wick down to the 21EMA and bounce back up to the 9EMA. Will be looking to play this either way. 319 is a big support zone to watch, a break could lead to a retest of the lower trendline around 300 level. ALSO watching 331 resistance level to play off of. Break of this level could lead to a retest of the upper flag trendline 340 area.
NFLX - uptrend NFLX fell 77% from it's peak before finding bottom @ 162.71 on 12 May 2022. It began to trade sideways for the next few months until it propelled out of this range on 20 July after earnings beat. After this, it again traded sideways in this new higher range for the next 3 months until another earnings beat on 19 October that finally propelled it above a rather significant neckline @ 251.
1 week+ after the breakup. it began a steep pullback that brought it all the way back to the neckline before rebounding strongly from there.
By now, it is clear that NFLX has turned the corner and is in fact now above it's 200 day MA (potential Golden Cross on the horizon).
Buy the dips going forward and trail protective stops up accordingly. Expect some resistence as it approach a major gap fill @322 area.
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!
$NFLX - Supply & Demand SetupTextbook S&D setup.
1. Aggressive sell off back in April 2022 giving away the sellers' presence at the highlighted price threshold.
2. The price retraces with slower momentum back to the supply area previously identified.
3. No trigger yet, but if you pull the lower time frames you'll see that the uptrending structure verified since July 2022 is now seeing steeper swing lows, failing to make higher swing highs and a break a close below the current swing low would be a trigger to look for as the greenlight for a bearish trade.
Remember that despite the slight edge that price action analysis confers, at the end of the day, reality is too complex to fit in this or in any other box.
Therefore anything can happen tomorrow.
Therefore you need to focus first, and foremost in managing risk.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
What Happened With NFLX Today?We experienced some increased momentum today, so what's the fuss all about? Let's discuss the upcoming and trending news with Netflix this month.
NFLX time to short?NFLX daily
Gap fill today and clean rejection off the 21EMA. I like NFLX short tomorrow with EMAs curling down and on the verge of crossing over. Will be watching for any weakness around 327.69 area. Can easily head back down to 319.5
Netflix - Where to Post-Earnings?I postulated the possibility of a large drawdown in Netflix in my last post below (with a mathematical price target) and believe the probability for this event has increased post-earnings as it did not gap-up or move substantially higher.
Invalidation of the Inverse Cup & Handle / arguably a Head & Shoulders would occur for me with the stock trading above April 4th's high (349.80).
Note the stock printed a daily hammer candle after the plunge this morning and could see a bounce before further resuming to the downside. A better short entry would be on the upside gap fill during a bounce in the next few trading days.
(No Position Currently)
04/17
Distribution occurring going in to earnings. Inverse Cup & Handle (1 could make a case for a head & shoulders).
~290 neckline.
369 conservative top of the cup.
369-290 = 70.
290-70 = 220 IC&H target.
No position. I do not recommend gambling on an earnings direction as this stock is highly volatile. This is strictly an exercise in charting. Earnings could either immediately invalidate this structure with a massive gap-up over the high of the handle or accelerate its validation with a miss or poor outlook.
Updated Netflix Bearish StructurePT: 211 - 220
Updated chart and bearish structure + price targets.
Whether viewed as a head & shoulders or inverse cup & handle, the target to complete the structure remains the same.
