Earnings Pop to 520 Expecting a gap to 504-510 following the report today, then continuation to 520 by 1/31/2024. - After it hits 520 it will pullback to test 504-510 for support - Then continue to 556 by mid-late Feb. 2024 ~Stop loss 464 Longby JerryMandersUpdated 8484183
Post Earnings Continuation to 585This idea is an update to my original idea "Earnings Pop to 520" (see link). NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target). Once we get this break it will take the following path - expected path is the black arrow: - Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest) - Pullback to test 577 for support - Then at least one more leg higher to 600-620 ( point target = 610 by 2/16/2024) The green funnel represents buying pressure that will drive this higher. The most important channel is the dashed deep purple/blue boundaries w/ solid blue center - this is the demand zone that it will respect during the markup. ----------------------------------------------------------------------------------------------------------- Bigger picture: If you go back to Jan. 2022, there is a gap down from 563.36 - 566.88. The earnings pop filled this gap and we are currently establishing support in that range. Confluence at the 585 level as an initial target: - 0.786 retracement of the ATH (700.99) back in Nov 2021 = 585.80 - larger degree activate markup level at 585, this will act as another bullish driver to send this higher to 610 after 585 is tested - Equilibrium levels where supply = demand at (2/2/2024, 583) and (2/5/2024, 584) ** Stop loss is a sustained break below 556. It can trade below that intraday, but if it closes below 556 on 2 consecutive days it will assume risk of dropping lower to test 537 Good Luck bears, bulls still have this. ~Jerrymandering 101Longby JerryMandersUpdated 181831
NETFLIX Correction starting. How low can it go?Netflix (NFLX) has gone a long way since our November 28 2023 buy signal (see chart below) that reached our $580 Target, giving more than +20% return: As the price has been consolidating for practically 2 weeks, it is time to update our outlook for medium as well as long-term investors. The long-term Bullish Megaphone pattern that started on the July 13 2022 Low, is intact and the stock continues to respect its Support and Resistance levels. The current consolidation is coming off an overbought 1D RSI peak at 83.00, which has since corrected, while the price was consolidating, which is a technical Bearish Divergence. We have previously seen the same kind of overbought RSI Bearish Divergence on the July 19 2023 and February 03 2023 peaks, both Higher Highs on the Bullish Megaphone. As a result, we expect a correction of around 4 weeks and being on a consolidation suggests that it is still early to enter. The 1st Support level is the 1D MA50 (blue trend-line), which has been intact since the October 27 2023 bounce, but we are aiming for the 1D MA100 (green trend-line) as it has been touched during both 2023 correction waves. Our Target is at $485, but we will book the profit earlier if the 1D RSI hits the 30.00 oversold limit first. The Sine Waves can be used as an extra decision making indicator here. As you can see they fairly match the Peaks and Lows of the stock price, so if the price approaches the Sine Bottom March 20 and hasn't rebounded yet, we will close the shorts and buy long-term regardless. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot15
557 just a matter of time after all this consolidation and red The results were outstanding, the earnings, one of the best, the content gets better, the password debacle, forgotten. Netflix is going back to where it was before the slide. The analysts seem to think even higher, the current place of determined bulls is to send the next wave into reach the next milestone in its journey to the top, and the 600 place.by themoneyman800
NFLX History Repeats ItselfNetflix here looking for a possible rebound in the upside after reporting strong earnings followed by a small consolidation. The previous power earnings gap resulted in huge positive gains, and now history shall repeat. My target range for the next few weeks is 600-620, and I wish you all the best.Longby ybadar4
Can NFLX trend higher ? LONGIn its past NFLX got through the Covid downturn with only a 10% correction, then went through a rise into a year of consolidation and finally another big trend up which reversed badly in Winter 2021. After a business model adaption and modification of subscriptions and password/account sharing protections, price has made great gains. On the weekly chart, a trend upward has been in place since July 2022. On the weekly chart, bigger ranged candles have been put in for two weeks. It seems that from here, while NFLX could rise heading toward a new all time high. On the other hand, just as it did in 2020 at a similar price level ( marked as # 1 and an oval around the price action), it could get range bound or consolidated ( # 2 marking the present.) The mass index indicator gives a hint that the trend will continue and not reverse. It is fluctuating in a mid-range without a hint of rising into the threshold and trigger zones. Notably in the 2021 downturn, the RSI and MACD ZL) signaled the reversal before the mass index. Those two indicators in the present show no hint of bearish divergence so far. Accordingly, for the time being, NFLX continues to be a long trade with 20% upside into the level of the all-time high ( discounting any effects of inflation and dollar devaluation in any of this which is very important overall but generally ignored). Longby AwesomeAvaniUpdated 4
Netflix is cancelledBack in July 2023 NASDAQ:NFLX on earnings did a weekly price Spike across a major 50% Retracement level. I entered into a short trade on the stock which worked well for a few months until the market turned decidedly bullish in October and then the trade stopped out. The recent earnings pushed the stock price higher as Netflix net income is dramatically higher than it was last year. In the meantime I switched my cell phone carrier to T-Mobile and with the unlimited data package (that I need as my backup Internet for trading) it included "free" Netflix. Fine, I'll setup an account, but I will name my profile what I named it... Neflix content has declined in quality dramatically over recent years as intellectual property owners have rescinded or let expire their content deals to put them on their own platforms. There are also certain... ideological... leanings of Netflix content that I will not expand upon. Either way, my feelings about a company I try to avoid trading upon... because as we can see in this example one's feelings do not translate to good trades alone. However, in addition to lackluster content a change in their rate plan is underway which may be significant. Netflix is trying to upsell customers on "better video quality" while inserting ads into lower tier content. I for one refuse to watch commercials so I promptly cancelled whatever "free" service that T-Mobile was offering me. Right now I do not think there is a trade to be made either on this change or price but I am watching. A bit of trading history to share about Netflix... back in 2011 Neflix had a whopping -83% drop when it tried to change its subscription plans to separate the mail order service from the streaming service. Netflix was being forward looking but the market was still living in a world that expected us to be ordering DVDs forever. The market is very often very wrong. by norok2217
METFLIX LONG TERM TO 1K USD ?!Hi , As you can see the channel , we will see netflix to 1K in a few next months Please trade as your own riskby LeoTrder1
NFLX-SELL strategy Daily chartThe stochastic now is negative and we should test of $ 520 area coming sessions, is my personal view. The pair requires correcting, and GANN support needs to break for further move lower. Strategy SELL @ $ 560-580 area and place profit order @ $ 521. for now. SL above $ 595Shortby peterbokma1
Short NFLXBears regaining some power. Gap can be closed. After the gap up, bulls continued to push, but looks like bullish confidence has reduced and momentum might die out. Closely follow the trade, this is against the trend.Shortby VinnyJ1089221
Possible Bullish Setup on NFLXKey Takeaways: +Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend +I would expect ~$15 move topside after breaking the TL resistance and 566.5 short term supply confluence area which would send us to the PTs listed in the chartLongby brycat230
NFLX tight stop loss bull flagNFLX we are in a tight range right now, till we keep 560 possible to go upside 580 - next level, where I will close 75% of my position one time we broke 580 we are very bullish Cautious: the personality on NFLX is very hard, often we break the level and we start to sell-off observe price action here Now its worse than market SO possible upside game Good risk-reward bull flag on 1H timeframe We crossed 8/34 ema we are above 200 maLongby VeberloanUpdated 3
NFLX-SELL strategy Daily chartNo change in view. In fact, the stochastic is turning negative and this provides more comfort to the SELL idea. Strategy SELL @ $ 560-580 and take profit @ $ 515 for now. SL best above $ 605 for now. Shortby peterbokma0
Netflix update Netflix is also near previous high still valid to enter, note that I am a longer term trader n investor soo I don't count small moves at all, in my top 10 only tesla is the one floating and am investing more money in itLongby mulaudzimpho1
NFLX @ $564.64The problem which is to your advantage is that the overall-stock market is being pumped up! Now this leaves people who do not understand technical analysis unlike you who is reading this right now, at a huge disadvantage. But the fact that you are reading this right now you are at an advantage because you are seeing something i call the "Rocket booster strategy" I would like to thank my mentors, Robert Kiyosaki who wrote the book Rich Dad Poor Dad, Tim Sykes who wrote the foreword to the book Penny Stock Course, and Mathew Kratter who wrote the book Rocket Stocks and you can find these books on Amazon kindle. Now the rocket booster strategy is very simple and it is as follows: #1 Price has to be above the 50 MA #2 Price has to be above the 200 MA #3 Price has to gap up It's that simple as you can see on this chart of NASDAQ:NFLX Also, remember that this strategy does not encourage using high margin,. So do not use margin on this strategy Rocket boost this content to learn more. Disclaimer: This is not financial advice do your own research before you trade please do not buy or sell anything i recommend to you.Longby lubosi7
NFLX SHORTS INCOMING?NFLX Shorts looking Juicy on possibly Head & Shoulders formation. What do you guys think?Shortby FASTFOODFX1
NFLX Shorts After huge earnings the stock has shot up Now that we have gapped a signifcat amount, natyrally we have to fill the gap. We have a bearish Pendant forming Watched to fill gap to 508-510Shortby OnenessTrader1
NFLX ANALYSIS In the current situation, according to the failure of the support area, the probability of falling is more likely with the analysis of the above timesShortby amirsafaa110
NFLX-SELL strategy Daily chartThe share is starting to decline as expected, and it feels we may test $ 507 area in the coming week. Stochastic is negative 4-hourly chart as a note. Strategy SELL @ 560-580 and take profit @ $ 507-510 area. SL above $ 600 for now. Shortby peterbokma221
Nobody sees NETFLIX longterm - the next Blockbuster pig? 🐷AI-bubble ready to pop by 2025/2026 imho... May be a next generational buy opportunity with NFLX going to 1000 dollars by 2030? Or just an epic economic recession, affecting (overvalued) growth stocks? 🐷Shortby fantasysteUpdated 225
NFLX Ready To PopDaily Chart of NFLX 620 is the confluence of two major channels. This is also a major resistance area for NFLX. NFLX blockbuster seems to be coming to an end. Shortby RS3175226
Netflix Surges 9% In One Day!Disney's recent move to license more TV shows to Netflix marks a significant shift in the streaming industry, bolstering Netflix's extensive content library. Historically, Netflix has heavily invested in content, spending over $17 billion annually at one point, to maintain its industry dominance. However, Netflix has faced challenges like subscription fatigue and increased competition, leading to reduced profitability and subscriber numbers. In response, the company has implemented cost-cutting measures and introduced strategies like cracking down on password sharing and launching ad-supported tiers to boost revenue. Despite a heavy debt load exceeding $14 billion, Netflix's operating margin shows signs of improvement, potentially reaching up to 24%. The company's stock has seen a 16% increase in 2024, following a 64% rise in 2023. Notably, the stock surged 9% post-earnings announcement last week, despite Q4 earnings falling short of estimates. This indicates continued investor confidence, as negative earnings didn't dampen stock performance. Looking ahead, the focus is on whether Netflix can surpass its November 2021 all-time high of $700. Achieving this would underscore the company's resilience and adaptability in the dynamic streaming market.Longby Sublime_Trading7
NFLX-SELL strategy Daily chartAs mentioned few days ago, the share price could move little higher, and so we managed to reach slightly above $ 563. We may have been shorting already, and one should add if not done so. always play safe in terms of leveraging of course. Strategy SELL @ $ 550-565 and place SL above $ 595. Profit order slightly adjusted to $ 495 mid-Keltner. Shortby peterbokma7