Netflix turning up?If there are enough buyers, NASDAQ:NFLX might close above the 200MA, after months of trading below this level.
NFLX34 trade ideas
RectanglesPrice is above bands but is not overbought on RSI.
Price is above the upper trendline of both structures that share the same top trendline after an earnings beat.
There is a large rectangle with a smaller rectangle inside.
Market up and down and may cause issues with meeting next target due to profit taking.
Target 1 has been met.
The .618 of the trend up appears to be causing some resistance.
Short interest is around 2.5%.
Candle of indecision at the .618 that is changing from a spinning top to a doji as I type. This candle may change again by close.
No recommendation.
Unfilled gap below and above price.
NFLX bullish on Mondays pullbackTalked about this possible scenario on NFLX. Look to get bullish for the next week or two after an early week pullback to 282; probably hits into 278 area the Wed and Thurs highs from last week. Gonna snag the 287.5/290 Bull call vertical spread.
Netflix 100% jump Hey friends, Netflix reported positive earnings again for the first time in Q3 2022. What a coincidence, though, that the stock has been trending upward again for 162 days. The Netflix stock has gained almost 80% in value and the recently published quarterly figures seem to indicate that we have finally seen the bottom of the streaming giant.
Netflix has now completed its first five-part run with a high at around $288, but which can still easily extend to $300. After that, I expect a wave 2 sell-off to the 0.786 retracement at $190.23.
If the share rises sustainably in a wave 3, a price jump of at least 100% is possible! The wave 3 reaches at least the 1.618 extension at 394.14$ (107.41%)
So the next time at NFLX will be exciting!
NFLX to reach 180 by the end of SeptemberNetflix (NFLX) has been forming an ascending broadening triangle since May and fully established a support level between 162.71 and 169.70 from the middle of May to the middle of July. Then the price reached a resistance level of about 250 in the middle of August.
In my opinion, NFLX is nearing the end of a 2+ week consolidation period and has formed a bearish head & shoulders pattern. In addition, the new descending trend line and 3 bearish key reversals suggest that the price will move lower approaching the support level of 174 by September 30, give or take a few days.
See my recent analysis of GOOGL to see how I marked support and resistance levels and observed key reversals to make a very accurate prediction (or maybe I was lucky).
Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NFLX and WTZ2 with VP.NFLX is forming WTZ2, my favorite trade setup, with closer SL. and high expected TP. I also apply Volume Profile for an enhancing measurement tool as the same level of Fibo P. The present candlestick can confirm entry signal for my trading. However, calculating risks is still recommended. Good Luck for trading!
Earnings watch 10/18Earnings watch 10/18
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Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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NFLX triple topping todaySo NFLX is hitting a triple top on the 2 hour chart, not a good look.
^Definitely seems like a triple top^
$NFLX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NFLX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
NFLX closing the Gap Just not the one at 330.. Unless you truly believe this bear market is over!
Wait for a rejection And bearish candlestick pattern.. Should come sometime next week when tech earnings is over
NFLX double toppingNFLX is looking for a pullback after the big jump post earnings.
In my opinion it seems like NFLX is overbought and forming a fairly big double top.
