NFLX trade ideas
Nflx- Be Careful-NFA-MOO (My OWN Opinion)Call me a cow bc this is My Own Opinion, (MOO) So if you lose money on this dont blame me. Now with that out of the way, Nflx has been trading in a range that looks to be breaking out on the daily but there is overhead resistance right above and I do not believe we will break through and if we do, I believe it will be a bull trap so my bias is to the shortside on this ticker as of now. On the Monthly chart, a H&S looks to be forming in the last stanges now as the right shoulder in in construction. If that pattern comes to fruition, the chart was a downside target of 95 USD at time of writing 1-22-2023
I do this as a hobby. I am no professional but I am a profitable trader, which is more than most can say. I have struggles alot, failed alot, blew up accounts, (Multiple) but I learn something new each time. I have not blew up an account for equities since the end of 2021 (knock on wood) and I am up over 275%. I have been thinking about teaching and possibly doing a chat room type thing. ( Most likely free) but invitation only. If you follow this account, Just waztch my calls and if you like them, give me a holler and maybe I will consider doing something like that.
Stay safe, Stay green. Good luck guys!
$NFLX - Netflix Bullish TradeGoing to back to the last Netflix chart added. Netflix was down over 50% from it's all time high. RSI hit oversold levels that it hadn't seen since 2011.
Stock price is back to levels it was in March 2018, before the surge in customers added during the pandemic and before it's most recent price hike in subscriptions. Netflix releasing an add based subscription at a discounted price. Dollar cost averaged way in to an average price of $251 a share. Current target $333 but may hold on for the long run.
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$NFLX Trying to Break above Horizontal ResistanceThe concept of polarity suggests that there will be resistance where there was support earlier last year on this weekly chart of Netflix.
The GoNoGo Trend indicator blends the foundational concepts of technical trend following to paint the price bar according to strength of trend. Currently we see that after rallying from the 2022 summer lows $NFLX is in a "Go" trend painting strong blue bars. GoNoGo Oscillator tells us that momentum is positive and so in the direction of the "Go" trend having recently found support at the objective zero level. We will watch to see if this gives price the push it needs to climb above the resistance we see on the chart and set a new high.
NFLX Netflix Options Ahead of EarningsIf you haven`t bought the dip:
I think now is the time to sell once again.
Looking at the NFLX Netflix options chain ahead of earnings , I would buy the $300 strike price Puts with
2023-1-20 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Earnings AMCToday.
Channel up.
Suspicious W.
Close to R from a prior gap down
I will not venture to guess the outcome but I do not think I will buy this today and I may or may not be sorry for this decision. I got out a few weeks ago and I need to respect my decision.
Call me chicken )o:
No recommendation
NFLX DOWNSIDE SENTIMENTAttached is my chart with annotations on where I believe the price action is headed. My bias is to the downside, even if the price action gaps up into the dominant supply zone(s). I believe we will see a decline in subscribers and we may finally hear about some new features where NFLX will be adding additional fee's for AD vs Non-AD subscription plans to help generate more revenues.
We will see how this plays out and I will be interested to see how the markets react into the close of the day. Remember it's about "how the markets react" and not so much "why is price doing x, y, z".
NFLX 3-4 year trade idea.I have an algorithm to propose to Netflix, if you hit my marked buy-zones, then I will own shares in Netflix. (actually that's a little joke, I am a little tied up and probably can't buy any shares until next year, but gotta keep in practice!). I actually feel like both of these marked zones are good places to invest in Netflix, my main zone represents the valuation of NFLX in 2017, so that's going back a way. However, considering the recent market saturation of streaming services and various prevailing economic factors and risks present at this time, there is a small chance we see the lower marked area. IF the market pushes NFLX to the lower levels, i may just have to sell my comic book collection to buy some Netflix shares, after all they have the first mover advantage going for them against all the newer streaming services, and I even like some of their content to boot. Best of luck, Ryan.
NFLX ShortPerhaps the earnings on Thursday causes this to break to the upside with a surprise, but the technical indicators are suggesting a drop which could bring us to the $285 range. Should this break lower we could see the $150 range again.
While I understand there are several analysts predicting a bullish run with NFLX, it would not be a rusprise to see this move dowards in the near term.
(This is not financial advice, it's strictly personal perspective)
Netflix: Continue Watching 🍿Bring on the Popcorn! The Netflix stock continues to rise and should finish the turquoise wave A soon. Once completed, the stock would fall into a correction until the course drops below the support line at $252.06 and wrap up the turquoise wave B. Once the stock hit its corrective low, the course can start an upwards trend to climb further North in the longterm.