NFLX trade ideas
NFLX 1WWhy do I expect price to move lower towards 223 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
Price has moved sharply up after correction testing fib 0.382.
Price has also tested weekly PoC (very strong resistence).
Price is currently below Ichimoku Cloud (strong resistence).
What do I expect will happen based on my readings?
I believe price will move back towards local PoC around 223 USD while breaking local trend line.
Short NFLX | Potential 50% sell off _ Target price $145.51Netflix , Inc operates as a streaming entertainment service company.
The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail.
It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD .
$NFLX Will Ad business save the stock? I think not ...Netflix , Inc operates as a streaming entertainment service company.
The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail.
It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD .
The main reason why we pay for a subscription service is to avoid having adds in between our streams. Netflix was winning in this because, you could choose what you want to see and not be disturbed or have to pay to have no adds.
Now, they want to add ads and we now have to pay not to have ads... why would you ? While the news sounds bullish on revenue streams in the short term, they are likely to shed more subscribers due to this in long term, they were already losing subscribers due to competition.
But I could be wrong. For now, I am short the stock till next update. Target price $145.51
Netflix - SHORT (54% profit) / where to buy (NEW)In May 2022 Netflix has hit lows seen last time in September 2017.
Since then NFLX has been on a steady rise. It looks like the price is in some kind of a rising channel.
Indicators such as MACD or RSI are implying more upside in the next weeks. It looks good for bulls. Around $380 we may see a rejection as it's a huge resistance now. We expect bears to take over from there and the downtrend to resume. If the price drops 54 % from there we could see a potential higher low /double bottom which would be mega bullish and would help bulls to confirm the long-term uptrend.
-Short at the strong resistance
-exit for shorts / buy area: $177 - $170
Most likely it will take many months for a price to reach a buy area therefore patience is required .
Good luck
NETFLIX IS AT A CRITICAL POINTThis asset is sited at a critical zone (confluence of support line and ascending trendline)
I see this asset taking a bull ride to $335 zone and a possible pullback to $325 zone before taking the main bull run to $370 zone. This $370 zone happen to be FIB38.2 zone.
I will wait for favourable price action and I will ride this asset up.
Always remember to set your SL as to limit your loses.
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NFLX ER SlumpYoY numbers are likely to fail, reports are rumored that their commercial version has been a failure and I do not believe that has been fully priced in. Adding in the current economical environment (eggs are a million dollars for 2), cheap subscription services are an easy thing to pull for the everyday consumer, aka NETFLIX customers. The only bullish argument I have on this is their subscription cost increased which could help offset some. As a content consumer of Netflix, I find myself looking less and less at that library as most of the good content has migrated to other services, but that's just me. I feel that PE is somewhat healthy in more stable economy, but high for where we are today. Analyst showing a low EPS but flat revenue. The miss on either and this could take a hard turn.
On the TA side, gap filled from the ER plummet a few quarters back, this is outside of a standard bear flag ration (I Believe but could be wrong), however I believe it is in play. RSI MA moving to overbought, MACD starting to show confirmation of reversal on signal and histogram. Options P/C at 1.3+ and today had a bit of a spike OTM puts.
As all things, I'm human and can often be proven wrong. Don't take this as financial advice, just me logging and sharing my thoughts. I am always open to an opposite opinion as those are the most valuable to me. Thanks!
$NFLX is currently testing the bottom of daily uptrend $NFLX is currently testing the bottom of daily uptrend and just breaking back above the 200EMA.
It's likely to bounce here and extend to the $314.30 PL.
Please see chart and video for more details
Warning the overall market is bearish so trade accordingly.
CHANCE to SHORT or LONG for big profitIf you wanted to take a long or short position in Netflix stock you are in a perfect place right now. As you can see on the chart above there are 2 very good trendlines that hold Netflix stock for a couple of months.
Now that we are trading at below support line it is important to point out that we could go either way from this range! Up big and down big. I am seeing $30 - 40 up or down potential from now on.
Today we tried to move up by finding support from the trendline but because FED chair Powell will testify tomorrow investors are preparing for more hawkish and the entire stock market closed lower. Powell will testify before congress tomorrow at 10 EST and will give his perspective on how interest rates will be in the future!
If he signals more interest hikes we will go down and finally break this support line, next support level is at $280. If Powell gives an optimistic view of inflation and interest rate support line surely hold and we might retest that high near future.
NFLXNetflix's trading pattern has exhibited a notable uptrend and has remained within a channel, indicating potential for a bullish trade opportunity. However, it is important to exercise caution and implement effective risk management strategies, such as a tight stop loss, when dealing with a high-growth stock like Netflix. This approach will help to mitigate potential downside risks and safeguard against adverse market movements.
Red level is resistance
Purple is pivot level
green is the buy zone
BUY BUY BUY After a brutal February Netflix is currently trading at trendline support.
- No significant economic event until March 14 CPI inflation.
- Sitting at trendline support which held the stock for over 3 months.
- Many analysts believe March will be a dip buying opportunity, therefore we could see another rally in Netflix.
The first level to pay attention to is $330.