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NETFLIX INC

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NFLX trade ideas

Institutions are dumping NFLX within an apparent diamond patternI spotted this diamond a year ago after the earnings panic. Since then, I realised that institutions have been dumping Netflix at a prodigious rate. In fact, NFLX has gone from nearly 100% institutional ownership, down to 74% institutional ownership in around 15 months. This translates to institutions performing a dump of just over 1.5% of institutional holdings every month on average. I think this short has a lot of potential if I am correct about the diamond pattern and it's clear that the catalyst is going to be institutional deleveraging. What I'm looking for to confirm this trade is an ABC move up. That is to say, the dump back in October Q4 was an A wave down, we are now in a B wave (that subdivides into a smaller ABC move up) and confirmation of this trade will mean that we complete the ABC I have sketched out (zig zag pattern) up to roughly around the 400 range. An ABC up in this manner means we have a B wave with a C wave decline yet to materialise and it's the C wave we should aim to capture with a short. I consider this quite a long-term outline and I don't envision this C wave to materialise until next year. My suspicion, is that NFLX is being harmed by the streaming explosion that has resulted in a massive influx of very aggressive competitors. I think that the password-sharing crackdown will ultimately do more harm than good and do nothing to help their earnings. So, I'm not saying get in on this now, but the basic premise here is to wait to see if the ABC zig-zag upmove (representing a cyclical B wave) materialises. If it does, I consider NFLX could be an excellent short.
NASDAQ:NFLXShort
by RogueEconomics
2
Netflix This stock has been weak since earnings. We had considlation from 325-335 for a solid week after the earnings drop to 300 Howver we finally failed 325 abs dropped back to retest the same 316 support area. We tested it yeateday at close and today at open. It is showing some solid support for now howverr even off the rally today potential double bottom setup, we still contiue to make lower highs and reject the 324.55 today where I got into my short position. I’m looking for a break of 316 and hold below as reistance to start it’s downward movement back towards 300$ and 292 as my expected low. I’d expect a big bounce from there ba k towards 332$ howbeee if we do get to 292 and bounce and fail 332 area again, the lows below 292 could drop this down towards 250$ overall Either way my short idea is 322-324 short entry. Or break of 315.80 rejextion can short to 300$ Or place stops and try to bring towards 292
NASDAQ:NFLXShort
by Erictaylor
Netflix Staggers as the Nasdaq SoarsThe Nasdaq-100 hit a nine-month high yesterday, but one prominent name has been left behind: Netflix. The first pattern on today’s chart is the series of lower highs since early February. (Marked with white arrows.) This demonstrates a lack of relative strength when compared to the broader index. Second, consider the closing lows of February 10 and April 12. NFLX subsequently rebounded to both levels but failed to hold. Has old support become new resistance? Third, the stock has been unable to recover from a bearish price gap following its last quarterly report on April 18. Next, it just completed an inside week barely positive. Such tight price action may suggest it’s getting ready to move. Finally, the lower study includes our 2 MA Ratio custom script. It recently turned red, meaning the 8-day exponential moving average (EMA) has dipped below the 21-day EMA. That’s a potential sign of a bearish short-term trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation