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NFLX trade ideas

NFLX Super BullishNFLX has been super-bullish from quite some time. When SPY visited 348, NFLX was consolidating in a range and didn't go down as expected. NFLX latest breakout moves have been very violent. As marked, the last breakout gave 22.5% in just 5 days (19.5% in just three days from low of first green candle to high of the 3rd candles) Now, NFLX has broken out again and we have two long bodied green daily candles. If it is to repeat the last move, we could see 327-330 today and gap fill most probably Monday or Tuesday. NFLX has formed **two white soldiers** on the daily and another such candle will complete the three white soldiers. In this case, the short and intermediate term is bullish and it might even go higher than 333.9 before retracing. One thing to keep in mind is that there might be consolidation after the three white soliders which is pretty normal. Overall, NFLX is quite strong and we might see 350s before the next Interest rate decision and CPI reading. However, there might be a pullback after the gap fill. Other interesting things to note, In the last two moves, NFLX has retraced somewhere between 50-61.8% of the move First move was 44.16% from 13 October till 26 October (partially fuelled by earnings), then it retraced around 55% of the move. Second move was 23.9% from 7 November to 15 November and the retrace was almost 60% of the move So, if we assume that the move will be 23.9%, we could assume a high of 333.9 and with that in mind, the 50-61.8% retracement will bring it somewhere between 298-305 (will most probably dip below 300 and then break out). Profit taking levels 1. Most of the gapfill (327-329) 2. Full gap fill (333.2) Be Cautious around 333.2-333.9 You can also play the retrace, however, this time it might make a move higher than 333.9 before retracing. How to be confident about the retrace Wait for at least two rejections on the daily with long wicks to the top (last rejection was 3 candles and the one before that was 2) but the long will confirm that buyers are running out of steam (if you want an early entry, you can wait for 3 rejections on the 4h) There could be fake retracement so I would wait for it to close below a certain level it broke on the way up.
NASDAQ:NFLXLong
by alwaysinlearningmode
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post. Cheers!! Trade safe have fun! FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
NASDAQ:NFLXLong
by Verum0
NETFLIX 1D Golden Cross historically shows fast recovery.Netflix (NFLX) completed last week the Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). By doing so it closed yesterday above the 1W MA50 (red trend-line) for the first time since January 06 2022, practically when its Bear Market was confirmed. Since it started trading, NFLX has had a 1D Golden Cross pattern while below the 1W MA50 another three times (October 07 2016, December 17 2012 and June 02 2005). On all cases, the price recovered at least the 0.786 Fibonacci, very fast. During 2016/17 it recovered the previous High in just 94 days since the 1D Golden Cross formation. In 2012/13 it recovered the previous high in 264 days, while in 2004/05 it recovered the 0.786 Fib in 200 days. The worst case scenario of 2004/05 would have Netflix hit $511 by June 08 2023. Do you agree? Which of the 3 scenarios do you think is more likely to happen? ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLX
by TradingShot
2
NFLX: GAP FILL PLAY AND POTENTIAL CUP N HANDLENFLX has lost 76% from its November highs to its July lows. Looking at the chart from a purely technical point of view, here is what I see: - the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428. - There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331. To play the gap fill I' d wait for the price to break $250. - A cup and handle is forming with a target between $331 and $366. However the pattern will only be confirmed should we break $250. I'm neutral now, but I'm watching the stock closely. A break of $250 would trigger a long entry with a stop at 240. Keep it on your watch list. Trade safe.
NASDAQ:NFLX
by Elpidaldo
$NFLX next target $148$NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range. However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support area and take out the previous lows ~$170ish before bottoming in the $148 region. Let's see how it plays out.
NASDAQ:NFLXShort
by benjihyam
Buying NFLX break higher.Netflix - 30d expiry - We look to Buy a break of 306.01 (stop at 279.87) Short term momentum is bullish. Short term RSI has turned positive. A break of the recent high at 305.52 should result in a further move higher. 305.52 has been pivotal. In our opinion this stock is undervalued. Our outlook is bullish. Our profit targets will be 368.68 and 378.68 Resistance: 306 / 330 / 370 Support: 290 / 280 / 252 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXLong
by Saxo