Time to load up on Netflix $570-580Set your limit buy to $570-580 folks. Time to load up on Netflix soon for some bounce play. Netflix took a double top bearish drawdown and it’s a falling knife, with the 20 day crossing the 50 it’s still bearish and could drop more, but there is support soon. RSI 34. Today we could see my buy zone with the fed interest rates. Buy the dip!
Like and follow for more, comment let’s discuss
Netflix
Netflix: Buying the Dip Netflix - Short Term - We look to Buy at 564.00 (stop at 542.00)
We look to buy dips. We have a 61.8% Fibonacci pullback level of 479.00 from 700.00 to 563.00. The 200 day moving average should provide support at 560.00. Previous resistance, now becomes support at 560.00. The bias is still for higher levels and we look for any dips to be limited. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 612.00 and 633.00
Resistance: 632.00 / 675.00 / 700.00
Support: 600.00 / 560.00 / 510.00
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.
QQQ likely range of support/bounceSince the initial W shaped correction of last September, the following corrections to QQQ have largely found support along the same support line seen from the September 2020 correction. Given that we’re essentially in a rising channel, this support line is expected to hold once again. The likely range of the bottom is denoted here, if we reach below this range, it’s likely that a long position will need to be re-evaluated in the short term.
Daily Market Update - Stocks - FAANG - Twitter Look Out Below!In this video:
* Overall, I remain neutral to slightly Bullish Crypto, however...
* There are definitely more and more caution flags appearing!
* Today we look at the influence that the Stock Market might be playing on crypto
* We start with the FAANG stocks: Facebook, Apple, Amazon, Netflix, and Google
* We look at Twitter
* We look at the S&P, Nasdaq, and Dow Jones Industrial Average
* And we finish by looking at our market leaders in the crypto space
* Be careful out there traders! The market is on edge.
Netflix and their change of apparent investment policyNASDAQ:NFLX has been notorious for having a rather conservative investment policy, being reserved in all means of their financial interactions. Whether we're referring to their accumulation of debt, acquisitions or overall spending. In recent times, their management has been making very questionable financial decisions. Their most questionable financial decision as of around 2 days ago, was their decision to place 2% of their cash holdings in black-led banks to attempt to "narrow racial wealth gap" according to Yahoo Finance. As many are aware, this is the company making a desperate attempt at appealing to the public eye considering recent events. Obviously the investment community did not appreciate this careless "flinging" of money at various corporations with limited investigation into their current financial states. For those unaware, this was the primary cause of the strong sell orientation of the stock.
In the big scheme of things, despite that considerable amount of money being used for "political correctness acts", the stock should recover in the coming months, although this has unsettled many long-term holders of the stock (reducing their faith in management in the company, especially as it is moved around). As it goes in the market, only time shall tell. Personally, I can think of more suitable alternatives to place my money into. If you're a trader who is seeking daily action, then go ahead, Netflix might be one of the stocks you want to 'play' with.
As always, any opinions or facts that I'm unaware of, are welcome anytime. Comment away!
TL;DR: Netflix's management have been making questionable investment decisions with cash holdings which has destabilized their stock.
Netflix Stock is Showing More StrengthNetflix stock NFLX is seen hugely stick to its bullish momentum, despite the stock's bears trying to confirm the price's reversal pattern (Double Top).
The reversal pattern has failed; the stock tend to rebound from the lower boundary of the ascending channel to hit $689.65 point.
NFLX In range. Accumulating Energy and Continuing GrowthNetflix in global growth. After a false breakout of the level of 690.87, the instrument goes sideways in the phase of energy accumulation. There is a lower level, behind which the liquidity zone is located, perhaps after a strong corrective downward movement there may be a false breakout and price recovery from the support level 645. The instrument has good potential.
The Little Prince ❤️
Are Markets Overvaluing These 3 Stocks? LULU, NFLX, SQTwo recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ.
One way to gauge how overvalued a stock may be is to find its multiple (aka, Price-To-Earnings ratio). In the case of Tesla, it’s multiple, as of writing, is ~350. In the case of Rivian, it doesn’t have any sales to speak of, so a multiple for this Company is not discernible (as reported by Bloomberg; “Rivian is now the biggest US company with no sales”). Investors can be concerned about high multiples if the Company in question is unlikely to grow its profitability to a level that better reflects the stock’s current price. Tesla and Rivian are just two companies that analysts (incl. Tesla’s CEO Elon Musk) commonly point out as overvalued.
Keep reading to learn what other 3 stocks market analysts commonly categorise as overvalued.
Are Markets Overvaluing These 3 Stocks? LULU, NFLX, SQ
Lululemon Athletica (NASDAQ: LULU)
Several outlets, including Forbes, noted the athleisure wear company to be overvalued in the first half of 2021. Yet, difficult to discourage, investors have continued to support the Company and further bumped up the stock’s price. LULU is currently trading at an 15% premium above its first-half peak price (US $404 vs US $465). Its current valuation places its multiple at ~74x earnings.
The momentum behind the stock is driven by its consistent earnings report beats and ambitious sales targets set by management, which are being hit or surpassed with surprising frequency. The Company’s outlook is buoyed by a growing (and incredibly loyal) customer base and higher margins. In this way, Lululemon stock may well be within a fair valuation if it continues to ride the growth momentum in which it is currently swept up.
Netflix (NASDAQ: NFLX)
Numerous Analysts were calling Netflix overvalued in 2020, even as the streaming giant reported subscriber growth beats during quarantine lockdowns and beyond. Bearish comments would call attention to the cash-burn needed by Netflix for the foreseeable future to maintain its industry leadership and satisfy its growing user base.
Bullish sentiment could counter this argument by pointing to the Company improving operating margins (e.g., Netflix has improved its operating margin from 16% to 23.5% YTD). However, Netflix does not include content generation spending as an operating cost. Instead, it is considered a fixed cost for the business. Yet, suppose Netflix is going to be burning cash producing content for the foreseeable future. In that case, the improving operating margin might be considered no more an accounting trick than a meaningful metric.
As of writing, Netflix shares are trading at US ~$690, indicating a multiple of approximately ~62 earnings.
Square (NYSE: SQ)
The digital payment provider Square appears to be firmly in the camp of overvalued tech stock. At least, according to Morningstar analysts, SQ is trading at more than double its “fair value estimate” (US ~$230 vs. $112) with a Price-To-Earnings value of ~240. SQ shares have not traded at US $112.00 or below since July 13, 2020.
While SQ does deliver on growth, it still has a very long way to go to justify its ~240x multiple. Square’s dubious long-term outlook is compounded by the increasingly tense competition from PayPal (NASDAQ: PYPL) and Fiserv’s (NASDAQ: FISV) Clover application. While younger than Square’s payment solution, the latter is already processing more payments across the US, and importantly, growing at a faster pace.
NETFLIX"Netflix Inc. overtook Walt Disney Co. in market value for the first time since last year after the amusement park owner's earnings stoked concerns about slowing subscriber growth in its streaming business." (1)
Right now, Netflix is in the Top 5 list of producers of original television and movies. After titles such as Squid Game, Stranger Things, and more, we saw a great pump in Netflix's value.
As NASDAQ announced, the ATH for Netflix is at $690.31, our most substantial resistance level.
NASDAQ is also showing Strong Buy Volumes for Netflix, which shows solid support for its value.
My research showed that Netflix has the potential to reach the $1000 levels (or close to that area), so it's safe to say that we have the chance to break this resistance after a few retests.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $682.61
Let me know your ideas.
Good luck.
Citation:
(1) "Netflix Is Closing In on Disney Again In Terms of Market Value."
finance.yahoo.com
$NFLX Trend and Fibonacci Extension $NFLX has been trading in this range on the 4 hour chart for over a month. OBV looks good and MACD looks like its about to turn bullish. the 5 and 9 mas seem to be holding it up as well. If it can break my fib level at 661.91 tomorrow, I believe it can get to or near the next level at 673.11. If it can break my fib level, I will take a high risk daytrade on the $665 calls expiration 11/12. This could also be a good opportunity to take a longer position if the market is bullish.
NETFLIX - Where to next? 🎬The big question is not just where Netflix ends up going next but where is the market as such going.
Will there be a good correction inbound or is the market just taking a small pause now to rise higher very soon?
The answers will unfold in front of us in the next coming weeks but let's take a look at NETFLIX nad share some news with you:
- Netflix is making a big push into video games
The company first dabbled in games with interactive titles like Black Mirror: Bandersnatch and a Carmen Sandiego game, but in 2021, it made gaming a much bigger priority. Netflix hired a former EA exec in July to lead its gaming efforts and, in November, let people play a selection of mobile games for free as part of their subscriptions.
- Heavy investment into the anime industry
Tons of shows, including some very high profile sequels. In addition to animated productions, they’ve also announced live-action adaptations of several anime, original live-action series, and several films. It is, despite my reticence to hand it to Netflix, a pretty good lineup.
- International Series
This is the part I particularly like about Netflix. First the Spanish 'Casa de papel', then the Korean 'Squid games' and who knows what's next. This recipe has been a huge success no-matter how the sequels end up being inferior to the original series. Netflix brings us closer to other cultures in an increasingly smaller world.
If the markets as such help, Netflix will thrive. If a correction deepens then it will be all about using this chart to buy the dip.
Let's see what happens, as these are now unclear times for equities.
One Love,
the FXPROFESSOR