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.
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.
Note
% Google translate. plz understand.NFLX ended the week with a break above the buy point. Even though it was a slow day for the Nasdaq, NFLX rose with high trading volume. The factor that led to the rise of NFLX on this day was the NFL issue.
However, I am a bit concerned that the weekly trading volume is not that high compared to last week. However, it is positive that the volume profile has been fully digested.
Trade active
The stock price is currently performing well. hold it. However, do not force yourself to buy additional stocks. There is a separate time to purchase additional stocks.
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.