NFLX Potential for Bearish Reversal | 8th April 2022We see the potential for a bearish reversal from our sell entry level at 368.56 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our take profit level at 353.88 in line with 161.8% Fibonacci extension. Our bearish bias is supported by price trading below ichimoku cloud indicator.
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Netflix
Netflix resistance and channelsI'm seeing a few things on Netflix here:
1) there is a long-term support trend currently sitting in the 330's going back to 2019 and 2020 lows
2) some resistance in the ~385 range and again at ~425 from 2019 highs. Now this is coinciding with the 50 day MA which is currently at 382. Closing above the 50 day on some strong volume would be a good sign for me.
3) the current uptrend is pretty steep, probably not sustainable unless we get a gap up on some news
4) I'd like to see it retake the upper channel in the 520 range
5) There will be a reckoning with 100 and 200 day MA on the way
I'm long term bullish on the company but this chart isn't pretty right now. Watching to see if it breaks above 400 or retraces down to <340 again. I'm averaged in at 352.
I'm not a professional trader, this is not investment advice, do your own due diligence.
NFLX Potential Bullish Bounce | 1st April 2022Price is near buy entry level of 365.55 in line with 50% fibonacci retracement. Price can potentially bounce up to take profit level of 397.42 in line with 78.6% fibonacci projection. Our bullish bias is supported by price trading above the ichimoku cloud indicator.
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5 Stocks Walk into a Bar....A mega cap, a large cap, a medium cap, a small cap, and a micro cap stock walk into a bar. The bartender looks at them and says, "What do you want?" They all reply, "A Shot!"
Well lets give these stocks "A Shot!" by taking a look at their price performance over the past 52 weeks and evaluating whether they are a "good buy."
Mega Cap: Facebook or Meta (FB) has fallen roughly 21% in the past 52 weeks despite having a market cap of $603B.
Large Cap: Netflix (NFLX) has fallen roughly 26% in the past 52 weeks despite having a market cap of $165B.
Medium Cap: Zoom (ZM) has fallen roughly 64% in the past 52 weeks despite having a market cap of $34B.
Small Cap: SoFi (SOFI) has fallen roughly 47% in the past 52 weeks despite having a market cap of $7.47B.
Micro Cap Loan Depot (LDI) has fallen roughly 78% in the past 52 weeks despite having a market cap of $1.3B.
All of these companies that I have mentioned above are oversold in my opinion, despite being one of the largest market cap in each of their respective segments and most are overall profitable. They all offer an important service that I have personally used in the past or currently use on an almost daily basis. Almost everyone is aware of Facebook now Meta, develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. Between the Facebook app and Instagram, they are currently the largest social media platform to date.
The same goes with Netflix. Who do you know that hasn't used or watched a show or movie on Netflix before? Within the US, its almost unheard of. Now, you can get Netflix stock at a 26% discount and its not going away any time soon as the company begins to enter new markets within developing countries. Zoom is a software that played an integral part during the pandemic, where the world resorted to working from home to combat the pandemic's spread. Thus lead to the mass adoption of Zoom's software into many companies around the world who wanted to continue to collaborate in real time. Since the pandemic and the huge gains Zoom saw, it has since erased these gains and sit at what appears to be a bottom, with massive upside potential of well over 100%+ as companies continue to work remotely despite the waning of the pandemic. SoFi provides digital financial services and is taking on the traditional legacy banks. SoFi offers loans, investing accounts, crypto accounts, credit cards, banking, insurance, insight tracking such as spending habits or credit score monitoring and much more. I believe SoFi will give large banks a run for their money, which will ultimately lead to a potential buy-out by one of the legacy banks looking for an edge. As of today, SoFi is down roughly 62% despite being profitable in the past 2 quarters with a 13% QoQ gain in the 3rd quarter of 2021. LoanDepot sells mortgage and non-mortgage lending products and in 2015 was named the second largest non-bank provider of direct-to-consumer loans within the US. With an easy to use platform, and one of the best rate offerings and customer experiences, LoanDepot is poised to grow significantly in the coming years with increased revenues from raising interest rates.
Overall, I believe in these companies on a personal level. I encourage all of you to take a look at these companies yourselves and make your own conclusions. I would also implore you to follow the advice of Peter Lynch and always understand what you are investing in, because when the market corrects, which it always will. If you do not understand the company you invest in then you will not have conviction in the company, which you would be much more inclined to sell during a 10%, 25%, or even 50% drop, when in reality you should be adding to your positions during opportunities such as this. As Baron Rothschild always said, "the time to buy is when there's blood in the streets." Even if this is your own blood.
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NFLX Potential For Bullish Pressure | 28th March 2022Price is near to Buy Entry level at 370.78 in line with 23.6% Fibonacci retracement. It can potentially rise up to Take Profit level at 386.16 in line with 161.8% Fibonacci extension, along with graphical swing high resistance. Our bullish bias is further supported by Stochastic indicator where price is trading above the Ichimoku cloud indicator. Alternatively, price might dip to Stop Loss level at 360.91 in line with 50% Fibonacci retracement and 76.8% Fibonacci projection.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Waiting to see what happens on March 1st***Earnings report may or may not be the catalyst I'm looking for***
BEIJING, Feb. 15, 2022 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 before the U.S. market opens on March 1, 2022.
iQIYI's management will hold an earnings conference call at 6:30 AM on March 1, 2022, U.S. Eastern Time (7:30 PM on March 1, 2022, Beijing Time).
Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode and unique registrant ID by email.
Participant Online Registration: apac.directeventreg.com
NFLX Potential For Bullish Continuation| 23rd March 2022Price is near Buy Entry level of 394.41 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Price might continue to go up to the Take Profit level of 457.32 with a previous graphical swing high. Our bullish bias is supported by the stochastic indicator where price is trading at resistance level. Alternatively, price might drop to 365.80 in line with 50% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Netflix reversing the trendIt has been really hot last week for tech stocks. NVDA has gone up by 45 dollars in 4 days time with some really higher highs. Paypal, AMD all did the same thing. Netflix also showing strong upward trend after hitting 330 level on Monday, the 14th march. It since increased by 12% and going to test a recent resistance of 390 by early next week hopefully. The daily volume is not the greatest and with this volume price seems to be going up. My feeling is its going to test 415 level by next week and half. Thoughts?
Netflix - Catching KnivesI'm not one to try and catch a falling knife but Netflix is down over 50% from it's all time high and the last time its weekly RSI was this oversold was back in 2011.
NFLX doesn't pay a dividend at the moment. Stock price is back to levels it was in March 2018, before the surge in customers added during the pandemic and before it's most recent price hike in subscriptions. May be a nice one to dollar cost average your way into.
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Netflix in More Trouble? Netflix - Short Term - We look to Sell at 358.64 (stop at 378.80)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 360.00. The primary trend remains bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 291.27 and 281.07
Resistance: 360.00 / 400.00 / 450.00
Support: 300.00 / 290.00 / 250.00
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Netflix (NASDAQ: $NFLX) Back In The Buy Zone! 🤑Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.