Netflix, Inc.Long
NFLX Heating Up! Is This the Next Big Move?
🔥Technical Analysis (TA)
* Trend: NFLX has been in a strong uptrend, breaking past resistance zones and forming higher highs.
* Price Action: The price is currently testing an ascending trendline, moving within an expanding wedge, signaling increasing volatility.
* Support Levels:
* 1st Support: $1,033
* 2nd Support: $998
* Resistance Levels:
* 1st Resistance: $1,045
* 2nd Resistance: $1,050
* Indicators:
* MACD: Bullish crossover, showing momentum, but needs confirmation.
* Stochastic RSI: Overbought zone (~72), indicating possible consolidation or retracement.
GEX Options & Market Sentiment
* Gamma Exposure (GEX): High positive call resistance at $1,045 and $1,050, suggesting these could act as key levels where price action may slow.
* Put Support: Heavy options positioning at $997.5, indicating a strong support zone.
* Options Flow:
* Calls Dominant at 23.3%, suggesting bullish sentiment but not extreme.
* IV Rank: 12.1, meaning options are relatively cheap for long strategies.
🔥 Trade Setups to Watch
📈 Bullish Scenario:
* Breakout above $1,045 → Target $1,050+
* Entry: $1,040+
* Stop-loss: $1,030
📉 Bearish Scenario:
* Rejection at $1,045 → Drop to $1,000 support
* Entry: Below $1,030
* Stop-loss: $1,050
Final Thoughts
NFLX is showing strong bullish momentum, but it is near a key resistance area. If it breaks out, we could see a test of $1,050-$1,060. However, a rejection might send it back to $1,000 levels before another attempt higher.
📊 Key Takeaway: If bulls maintain control above $1,040, watch for a continuation toward $1,050+. But if rejection occurs, expect a pullback toward $1,000.
🔔 Follow for More Daily Hot Stock Alerts! 🚀
📢 This analysis is for educational purposes only. Trade wisely!
* Trend: NFLX has been in a strong uptrend, breaking past resistance zones and forming higher highs.
* Price Action: The price is currently testing an ascending trendline, moving within an expanding wedge, signaling increasing volatility.
* Support Levels:
* 1st Support: $1,033
* 2nd Support: $998
* Resistance Levels:
* 1st Resistance: $1,045
* 2nd Resistance: $1,050
* Indicators:
* MACD: Bullish crossover, showing momentum, but needs confirmation.
* Stochastic RSI: Overbought zone (~72), indicating possible consolidation or retracement.
GEX Options & Market Sentiment
* Gamma Exposure (GEX): High positive call resistance at $1,045 and $1,050, suggesting these could act as key levels where price action may slow.
* Put Support: Heavy options positioning at $997.5, indicating a strong support zone.
* Options Flow:
* Calls Dominant at 23.3%, suggesting bullish sentiment but not extreme.
* IV Rank: 12.1, meaning options are relatively cheap for long strategies.
🔥 Trade Setups to Watch
📈 Bullish Scenario:
* Breakout above $1,045 → Target $1,050+
* Entry: $1,040+
* Stop-loss: $1,030
📉 Bearish Scenario:
* Rejection at $1,045 → Drop to $1,000 support
* Entry: Below $1,030
* Stop-loss: $1,050
Final Thoughts
NFLX is showing strong bullish momentum, but it is near a key resistance area. If it breaks out, we could see a test of $1,050-$1,060. However, a rejection might send it back to $1,000 levels before another attempt higher.
📊 Key Takeaway: If bulls maintain control above $1,040, watch for a continuation toward $1,050+. But if rejection occurs, expect a pullback toward $1,000.
🔔 Follow for More Daily Hot Stock Alerts! 🚀
📢 This analysis is for educational purposes only. Trade wisely!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.