Short NFLXNFLX currently trades at a 161 extension of the last bear trap. Commonly an important resistance level and rejection of this level can indicate the turn of trend.
Early to tell if this will hold or not yet, but good RR on the short here.
4NFLX trade ideas
NFLX Share Price Hits Year HighSince the beginning of the year, the NFLX share price has risen by about 55% (for comparison, the S&P 500 index growth was 16% over the same period), and yesterday NFLX reached a price of USD 450 per share — the highest since the beginning of the year.
Bullish sentiment in the market was facilitated by news from analysts at Goldman Sachs, who upgraded the rating of NFLX shares and raised the target price of NFLX shares from USD 230 to USD 400 (9% lower than the current one). Isn't it too late? As a reminder, we pointed to the growth prospects of NFLX stock on October 10, 2022.
Strong demand for NFLX shares in 2023 is supported by the release of quality content, as well as opinions that the company has managed to regain subscribers and successfully resist password cracking.
However, there are certain threats to the NFLX stock, which looks very strong within the channel shown in blue:
→ the psychological level of USD 450 per share, which shows signs of resistance;
→ yesterday's high of the year candle looks uncertain due to the long upper shadow. It may turn into a false breakdown of the June high;
→ Fundamental factor: Netflix's Q2 report is expected on July 19. If the data disappoints investors, it could lead to a pullback in the NFLX stock price to the lower border of the blue channel, or even a bearish breakout.
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NFLX swing ideaNFLX has returned to a strong demand area on the 1h/4h charts. Price has created and completed a falling wedge into this demand area, in confluence with the fibonacci golden zone (50%-61.8%). This retracement comes after an uptrend break that began back on May 17th. Price either looking to make a double top by returning to the highs of the falling wedge or it could fail and continue downward.
Trade Idea: On Monday, June 26th, watch price pre-market for a hold of the current support between 422.56 and 423.59. If price falls below here, wait a reclaim of this level to resume the trade idea. A break and hold below the stop levels (416.67 - 417.78) invalidates this trade.
Targets: 428.95, 437.28, 442.52, 448.16
Stop: 416.67 - 417.78
NETFLIX: Sell conditions emerge. Bearish rest of Summer.Netflix is trading inside a Megaphone pattern since the May 2022 bottom and is approaching the formation's top. The 1D time frame is on green technicals (RSI = 68.406, MACD = 15.870, ADX = 40.286) but just 2-3 weeks ago it was massively overbought, showing that the massive bullish leg is getting exhausted.
Be ready to sell and buy back on the 0.382 Fibonacci (TP = 370.00). That will make a technical Megaphone bottom on the HL trendline while approaching or touching the 1D MA200. This is where we will buy again and target the 0.786 Fibonacci (TP = 585.00).
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NFLXNot sayin this move will happen this week or maybe this month.
But this is a chart to follow for sure.
NFLX ShortGAP down, trendlinebreak
Short Sell 320
Stop 34
Target 292, 250
292 was touched post market after earning 4/18/2023.
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NETFLIX LET'S WATCH Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Let's watch our movie here :D
As we can see price is still overall bullish from a long-term perspective trading inside this rising broadening wedge pattern.
However, price is approaching a massive resistance zone lining up with our upper bound of the channel acting as an Over-Bought zone!
Then as the price will be approaching our upper zone, we will be looking for new bearish correction movements
Meanwhile, as the price will be approaching our lower support zone, we will be looking for new bullish movement as a trend-following setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
NFLX AnalysisPrice did not play out according to my last analysis. Price filled the small fair value gap at 414.76 and proceeded to run higher. Given the current price action, price is likely to run the highs at 458.48 and fill the large fair value gap above.
NFLX TradeAfter the liquidity sweep and the filling and rejection of FVG we will see a return of prices to the demand zone it remains an idea
Opening (IRA): NFLX August 18th 345 Short Put... for a 3.75 credit.
Comments: 30-day IV of 47.9%. Selling premium in some high IV single name, with the caveat that earnings are on July 19th, so I'll be "playing through" and (continuing with the golfing theme) hoping to clear the water hazard. As with my broad market short puts, targeting the <16 delta strike paying around 1% of the strike price in credit, giving me room to be wrong.
I'm primarily doing this because broad market IV isn't exactly great here: IWM, 19.9%; QQQ, 19.5%, SPY, 13.0%.
NFLX approaching trend resistance 🐻rejection soon and dip to 376 is likely in my opinion, break of trend resistance/430 and parabolic rally can happen!
boost and follow for more, thanks ❤
LIQUIDITY FOR NETFLIX Liquidity are built everywhere, especially out the monthly, weekly ,daily low and highs and the market.. I spot out some of them of the chart,giving rise to months or years of BULL runs before falling further to my demand zones respecting either of each zones.. we can also confirm this bull run by how it moves on the trendline,so smooth without break of trend,we are going expecting some Retracement move then an impulsive movement for some period that is giving us HLs and HHs with some of fake out from the market that is the power of 3(Accumulation, manipulation and distribution) over th long run of price.
Netflix - Bouncy Bouncy (bullish)Looks like NASDAQ:NFLX wants to hold its median band (red) on this pitchfork. I expect higher prices to run up into earnings. Could see as high as 450, but a safer bet would be a bounce back to 430+ prior to earnings on July 19th.
NETFLIX will go higher - Long position (4h analysis)As we can see on the chart NFLX has been uptrending and currently the price is respecting the upsloping support. We expect this trend to continue therefore our strategy is entering a long position close to upsloping support (now at 424,08 $).
The target would be at the upsloping resistance which is a top of this rising channel.
Invalidation of this trade would be a candle close below the usploping support. Protect your capital and setup the stop loss once you enter the trade.
As we expect SPX to push higher in the next days, NFLX should follow. However, upside potential may be limited as RSI is overbought on the weekly time frame.
Good luck
NFLX AnalysisPrice played out nicely as analyzed last week, giving us a small 3.29% move to the downside before a bullish retracement. No changes to my expectations, I'm expecting price to continue lower from here, potentially targeting the bullish POI at 375.87 next.
NETFLIX CORRECTION MOODmy prediction netlix going around 500 and continue bearish
*short term focus bull*
#elliotwave #enjoy
NETFLIX INC.: ANALYSTS PREDICT REVENUE GROWTH IN THE NEW QUARTERAmerican entertainment company Netflix Inc. shares remain in a corrective trend at around 422.00.
Analysts are positive about the prospects for the company's shares: for example, Barclays Plc. updated the forecast, raising the target price to 375.0 dollars from 250.0 dollars earlier, despite maintaining the Equal-Weight rating, and also noted that over the past 2 months, the capital of Netflix Inc. rose by 28.0%, which significantly exceeds the dynamics in the S&P 500 index (+6.0%). The capital gains were made possible by lowering fears of the number of subscribers, as the recent introduction of paid password sharing did not result in a large churn of users.
The publication of the financial results of Netflix Inc. is expected on July 19: analysts forecast revenue of 8.25 billion dollars, up from 8.16 billion dollars reported in the previous quarter, and EPS could be 2.85 dollars, slightly short of the 2.88 dollars recorded in the previous period.
Symmetrical Triangle//W PatternTargets 1 through 4 have been met.
Price broke up from a triangle a while back, but it does look like a W formed.
Long 4th leg on the W that reached a bit above the 1.618 fib level.
There is al an ADC/D Pattern which could b a segment of a Harmonic Crab pattern which terminates close to the 1.618 of leg XA (the first leg down of the crooked W).
This pattern tends to reverse at D and is an extension pattern as the 4th leg end quite a bit above X.
I am learning not to take anything for granted ):
No Recommendation.
Shorting NFLX NFLX hit the last mentioned target jus over 400. Fading the breakout now. I think we may be transitioning back into a bear market. Even if not there's a fair chance of a pullback now we've spiked out (ABC correction in a bull trend).
Update to:
Bearish Alert : NFLXAt the top of this great bullish wave, on the hourly chart I got a new bearish alert.
It must be confirmed by a bearish crossover and a bearish price action of the ema 21 and 50
Symmetrical TrianglePrice broke up from a triangle and T1 and T2 have been met.
Possible W pattern. If so, price could reverse at the end of the 4th leg.
Candles getting smaller up there and this is referred to as Deliberation.
Resistance overhead.
No recommendation
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