NFLX trade ideas
NFLX Ascending Wedge BreakNFLX broke below an ascending wedge, so I'm looking for a move down to a previous area of support that was also an important resistance level in the past. There will also be trendline support in that area, so it could be a great long. If it breaks to the downside, that could leak to a quick flush.
NETFLIX Retesting All-Time-High! Sell!
Hello,Traders!
NETFLIX is trading in a
Strong uptrend but the
Stocks is now retesting
An all-time-high horizontal
Resistance level around 700$
From where we will be
Expecting a local bearish
Correction because the
Stocks is locally overbought
Sell!
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NFLX - Bullish NetflixNetflix is within this expanding structure looking to continue climbing
I expect a retest of the dashed white support line and then continuation up towards the top of this structure where I have point price labels.
Bars pattern is just an example of how this could occur.
Daily chart for NFLX
Netflix is at a crossroads.Netflix looks like it's forming a cup-and-handle pattern.
But there's a mixture of positive and negative elements here.
pros:
The cup base is not deep (-16%)
Handle is not deep (-6%)
a period of only nine weeks.
a winner of the OTT market.
cons:
Stock trading volume is continuously falling.
(Transaction volume had to rise significantly, at least just before making the handle.)
The position of the handle higher than the cup.
A steep decline in revenue/EPS growth estimates.
Buy if the stock breaks out $664.25 with a strong volume.
But if not, I recommend not buying even if the stock breaks out. It may be temporary.
Incomplete Bullish Elliott Wave Sequence in Netflix (NFLX) ArgueShort Term Elliott Wave in Netflix (NFLX) shows incomplete bullish sequence from 4.22.2024 low favoring further upside. Rally from 4.22.2024 low is unfolding as an impulse Elliott Wave structure. Up from there, wave (1) ended at 664.25 and pullback in wave (2) ended at 626.44. The stock extended higher in wave (3) with internal subdivision as an impulse in lesser degree. Up from wave (2), wave ((i)) ended at 635.83 and wave ((ii)) pullback ended at 628.25. The stock extended higher in wave ((iii)) towards 651.25 and wave ((iv)) ended at 644.06. Wave ((v)) higher ended at 657.99 which completed wave 1 in higher degree.
Pullback in wave 2 ended at 635.61 with internal subdivision as a double three Elliott Wave structure. Down from wave 2, wave ((w)) ended at 642.64 and wave ((x)) ended at 649.93. Wave ((y)) lower ended at 635.61 which completed wave 2. Wave 3 is currently in progress. Up from wave 2, wave ((i)) ended at 656 and pullback in wave ((ii)) ended at 642.35. Rally in wave ((iii)) ended at 694.39 and pullback in wave ((iv)) ended at 673.72. Near term, as far as pivot at 635.6 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
NFLX Has Pullback Opportunity Setting Up. Is It Worth It?NFLX has be grinding higher with gorgeous pullbacks for a llllloooooonnnnnnngggggg time now. In this idea, I explain my thought behind this particular pullback and suggest a possible alternative. I don't think this setup is worth taking unless market dynamics change.
Top 3 Stocks To Watch Today! Now i had to do a quick video for you because am so much encouraged by the likes you have been giving me for this content and so i want to share more with you how simple the rocket boost strategy is.
So in this video i share with you the top 3 stocks on my watch-list before the market opens now their many more stocks for me to share with you
but i feel these are the major ones
also take note of the break news you will see at the end of the video
What is the catalyst that has caused NETFLIX to pump up? watch this video again to learn more about this #1 catalyst
Disclaimer:Trading is risky you will lose money from it please learn risk management and profit taking strategies.
NFLX - Will NFLX drop to $500 and fill gap?NFLX - Netflix is looking like it will drop to near $500 and fill the previous price GAP. If this happens price will be about 40% away from all-time highs. This could be a much greater move when using Call Options. What are your thoughts on Netflix at this point?
#NETFLIX Could rip faces in a Reactionary RALLYAfter getting destroyed and dropping like a #Crypto
The chart has showed relative strength
and formed a Bullish CUP & HANDLE
Some stocks will probably not survive these market conditions in the next couple years, which is healthy
So look for signs of strength vs the broader market
NFLX-SELL strategy Daily chartIt is clear we have some corrective action to clear; stochstic is negative, and GANN angles suggest we should see short-term $ 570 test and for long-term $ 510 area.
Strategy SELL current $ 635-645 and place SL above $ 695. profit order @ 570 for now, or be more patient for $ 525.