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NFLX trade ideas

NFLX- Ascending Wedge Pattern Setting up Bearish SHORTNFLX has been in an uptrend and quite bullish and relatively strong on the 2H chart an ascending wedge pattern is seen. Moving Averages confirm the present trend as bullish with no crossovers and the price above all of them. Given the ascending wedge I will take a small position now at the trendline resistance as a swing short. I will add to it if/when price breaksdown below the green trendline support and the fast moving average crosses the intermediate moving average as well as a line crossover on the MACD or bearish divergence on a RSI indicator.
NASDAQ:NFLXShort
by AwesomeAvani
#Netflix Rising wedge with Bear divs. Get shortNetflix has a rising wedge that looks pretty much complete. We are at the high side of the pattern. STO is high so lots of room to fall. 5 bearish divergences showing the new highs are weak. Worth a short position. Volume is insignificant compared to the volume spike on the first high. RSI is 64 and is weaker on each new high. Buyers are running out of steam. Sellers are taking over. Stochastic is 83 so we have topped out with plenty of rom to fall. Target 1 = 250 Stop Loss = 345
NASDAQ:NFLXShort
by thecryptochart
Netflix to find support at 50 EMA again?Netflix - 30d expiry - We look to Buy at 281.11 (stop at 265.74) Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 1day EMA is at 276.80. The 1 day moving average should provide support at 276.80. Daily signals are bullish. Expect trading to remain mixed and volatile. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Our profit targets will be 319.49 and 329.49 Resistance: 322.77 / 350.00 / 395.00 Support: 302.10 / 275.94 / 252.09 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXLong
by Saxo
NFLX Super BullishNFLX has been super-bullish from quite some time. When SPY visited 348, NFLX was consolidating in a range and didn't go down as expected. NFLX latest breakout moves have been very violent. As marked, the last breakout gave 22.5% in just 5 days (19.5% in just three days from low of first green candle to high of the 3rd candles) Now, NFLX has broken out again and we have two long bodied green daily candles. If it is to repeat the last move, we could see 327-330 today and gap fill most probably Monday or Tuesday. NFLX has formed **two white soldiers** on the daily and another such candle will complete the three white soldiers. In this case, the short and intermediate term is bullish and it might even go higher than 333.9 before retracing. One thing to keep in mind is that there might be consolidation after the three white soliders which is pretty normal. Overall, NFLX is quite strong and we might see 350s before the next Interest rate decision and CPI reading. However, there might be a pullback after the gap fill. Other interesting things to note, In the last two moves, NFLX has retraced somewhere between 50-61.8% of the move First move was 44.16% from 13 October till 26 October (partially fuelled by earnings), then it retraced around 55% of the move. Second move was 23.9% from 7 November to 15 November and the retrace was almost 60% of the move So, if we assume that the move will be 23.9%, we could assume a high of 333.9 and with that in mind, the 50-61.8% retracement will bring it somewhere between 298-305 (will most probably dip below 300 and then break out). Profit taking levels 1. Most of the gapfill (327-329) 2. Full gap fill (333.2) Be Cautious around 333.2-333.9 You can also play the retrace, however, this time it might make a move higher than 333.9 before retracing. How to be confident about the retrace Wait for at least two rejections on the daily with long wicks to the top (last rejection was 3 candles and the one before that was 2) but the long will confirm that buyers are running out of steam (if you want an early entry, you can wait for 3 rejections on the 4h) There could be fake retracement so I would wait for it to close below a certain level it broke on the way up.
NASDAQ:NFLXLong
by alwaysinlearningmode