NFLX trade ideas
$NFLX 4/6/23 | Netflix 355 PutsNetflix Trade 4/6/2023
335 Puts SAMe day Expiration
$1.77 entry 9:39pm - $2.58 exit at 9:44am
5 minutes = $81.00
Pros
1.Charting the day before allowed me to take advantage of the oppurtunity. knowing where the danger zones were gave me comfort.
2.I also manage my fear of loosing, and greed very well.
3.I leran that Direction and Momentum is everything.
4.I allowed my indicators to confirm the direction
Cons
1.No stop Loss, this is a hudge problem for me. im going to study this weekend. how to emplement a stop loss on Trade Station Mobile.
Notes
1.Its not good to try to catch bounces at the open of the market.
the amount of selling pressure will push through the zone.
2. Place your trading notes on your charts,
3. Only trade what you chart.
NFLX - HEAD AND SHOULDERS NETFLIX - We can observe a typical example of head and shoulders pattern formation that is looking to conclude right around earnings on the 18th of this month. The pattern suggests that if we see a drop to $280-$290, we can seek a $70-$90 raise in the upcoming week after the earning report relies on the 18th of this month. NETFLIX missed the last earnings with a significant number so it is likely to correct that in the upcoming one.
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Netflix: Bringing It on Stream 🎞Netflix has brought wave b in magenta on stream quite commendably and has already touched at the gray zone between $343.40 and $359.13. Thus, wave b in magenta could be finished by now, although the share could just as well use the remaining room in the upper part of the gray zone to place the corresponding high. As soon as this is done, the course should turn and head for the turquoise zone between $271.07 and $209.09 to develop wave B in turquoise. Afterward, Netflix should tackle the resistance at $379.43, which should then be conquered by wave C in turquoise. However, we should still keep in mind the 35% chance that the stock could break through the turquoise zone and drop below the support at $162.75.
NflxClosing this last gap at 350.. today..
Gap close is also prior H&S neckline support .
That area will act as resistance today.
Overbought the same as the rest of tech..
Stop loss 355
Target 330
NFLX AnalysisPrice played out nicely as analyzed last week. Price took the buy-side liquidity built in early March 2023, and now heading for the bearish POI at 379.43. No changes to my expectations this week, expecting price to mitigate that bearish POI, and for price to go lower once there is a confirmation on the lower timeframe.
Netflix ($NFLX) Long$NFLX 4/28 390C 2000x 5.00
If we zoom out on $NFLX technicals, we see that it has created higher highs and higher lows since May 2022 after its post-earnings drop. A new higher high, would put it at around 400-430 levels by EOM. There is a cup forming around the 50dma as the stock is trading above all important moving averages (20-50-200 day) and Bullish MACD. Earnings on 4/18/23
Netflix Long ($NFLX)Our custom indicator gave Call signal for NFLX on daily timeframe.
I am going to take long positions with the intent to get 30% plus gains with less quantity as market is very volatile and can take u-turn at any point of time...
Netflix (NFLX) Looking to Complete 5 Waves Elliott Wave ImpulseCycle from 3.13.2023 low in Netflix (NFLX) is in progress as a 5 waves Elliott Wave impulse. Up from 3.13.2023 low, wave 1 ended at 316.6 and pullback in wave 2 ended at 293.21. As the 45 minutes chart below shows, internal of wave 2 unfolded as a double three structure. Down from wave 1, wave ((w)) ended at 296, wave ((x)) ended at 307.92, and wave ((y)) lower ended at 293.18. The stock then extended higher in wave 3 towards 336.44 with internal subdivision as 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 302.91 and dips in wave ((ii)) ended at 300.56. The stock extended higher in wave ((iii)) towards 322.78 and dips in wave ((iv)) ended at 312.15. Final leg higher wave ((v)) ended at 336.44 which completed wave 3.
Pullback in wave 4 ended at 321.28 as a zigzag structure. Down from wave 3, wave ((a)) ended at 324.41, wave ((b)) ended at 333.32, and wave ((c)) lower ended at 321.28. This completed wave 4 in larger degree. The stock resumes higher in wave 5 with internal subdivision as another 5 waves. Up from wave 4, wave ((i)) ended at 329.89 and wave ((ii)) ended at 325.84. Wave ((iii)) ended at 343.29, pullback in wave ((iv)) ended at 335.30. Expect stock to extend higher 1 more leg to end wave ((v)) of 5 of (A). Then it should pullback in wave (B) to correct cycle from 3.13.2023 low in larger degree 3, 7, or 11 swing before it resumes higher again.
NFLX in a continuous uptrend give multiple opportunities to joinTrying to join NFLX uptrend on two different opportunities.
I will be taking the trade on the marks shown with the Long Position Tool.
Risk: 0.59 per share
Shares: 169 (total $100 risk)
First target: 323.55 (2:1)
Second target: 327.63 (5:1)
I will evaluate first target according to the chart conditions when trade is triggered. If price hits the stop and starts going back in the trade direction, I'll take the trade a second time as price crosses back up the first entry point with same stop and targets.
In case price hits stop and continues down, I'll defer to the next entry point detailed on the next trading idea.
NFLX in a continuous uptrend give multiple opportunities to joinTrying to join NFLX uptrend on two different opportunities.
I will be taking the trade on the marks shown with the Long Position Tool.
Risk: 4.87 per share
Shares: 30 (total $150 risk)
First target: 325.87 (2:1)
Second target: 339.45 (5:1)
I will take the trade as shown by the Long Position Tool on the chart. If stop loss hit and price goes back on the trade's direction, I'll take the same trade a second time as price crosses entry point.
Netflix and Crash?Price has been on a steady uptrend since the beginning of July 2022. Looking at higher timeframe charts we can see price forming a head and shoulders around the $333 zone which could signal a reversal coming soon given if there's enough downward momentum. If price breaks above the $333 zone, this head and shoulders pattern would be considered a failure. We'll see what happens in the next coming days and react to what the charts show us!
The stock price of Netflix is experiencing a slight decline.It appears that Netflix shares are attempting to regain their position at 287 dollars, as the current trend seems to be a pullback resulting from the previous breakout of support. It is noteworthy that the price does not seem to be heading any lower, and instead, a strong upward movement is anticipated, which may lead to the price rising to a minimum of 349 dollars.
$NFLX possible support/resistance flip & H&S formation$NFLX possible support/resistance flip & H&S formation. let's see how it plays out in next few days
Netflix Netflix, after finding support just above the .786 fib from the previous analysis in January 2021, it has had a nice bounce into .618 resistance, looks like an area to be cautious at, breakdown looking at $320/$280 as support. If it can close above $369.30 target would be $440/$454
NETFLIX massive Head and ShouldersMonthly Head and Shoulders for Netflix spells doom for this company.
The content provided to the network has been on a steep trajectory down for several years.
This company has no true intrinsic value. With summer coming up, people will not be inside watching bad content.
Youtube is also going to swallow netflix.
Do You Rememeber This Strategy ? - Let Me Explain It To YouBefore entering this trade
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The first thing that has to happen
is the 50 Day moving Average has to go above the
200-day moving average
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After this, it indicates an uptrend
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This is your first buy signal.
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Before you enter the trade you need to
Look at the parabolic system
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After the parabolic system gives you a buy signal
From showing you a dot at the bottom of the price
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That is your buy signal.
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Finally before you enter the trade,
the price has to "gap up"
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or hit a weekly high as shown in the chart above
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after that happens this gives you a buy signal
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If all these 3 steps happen you are ready to finally
Enter a BUY LIMIT order
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A small disclaimer am not an expert
so dont take my word for it
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This is just an example based on my
own personal research
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Please do your own research before you
trade.
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Take care
and trade safely.
--
Lubosi7
NFLX AnalysisPrice playing out nicely as analyzed last week. Price mitigated the bullish POI at 300.66 and rallied strongly from there, taking out buy-side liquidity built over the past few weeks, and potentially on its way to mitigate the bearish POI at 379.43 next.
NFLX setting up for a short entryNFLX is setting up for a short entry. The stock had a strong approach into this zone which is a bit of a worry, but it is a key zone, the market is starting to look weak so it might catch a few traders off guard. However I would trade it with options spread only as it gives one a bit of a room in case it won’t drop right away.
NFLX: Buy ideaBuy idea on NFLX as you see on the chart because we have the breakout with force the vwap.Thanks!
Institutional analysisInstitutional analysis I can't show what it is on this platform because it doesn't contain my tools .
