Does Netflix have room to run further after earnings surprise?Netflix shot the moon after their Earnings Report after the close.
Looks like they'll open around $560-570 tomorrow.
With such momentum, if $NFLX could stay above $570+, it'll have room to run past it's ATH,
and I foresee it going up to $700 potentially, when you consider all the Me too institutions who
will jump all over themselves to upgrade it over the next several days.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Netflix
Buy Netflix ahead of earnings tonightNetflix looks good for a buy in this accumulation pattern ahead of its earnings tonight. Accumulation periods are where price trades sideways as big institutions look to gather up shares whilst aiming not to move price too much before the explosion comes. I think thats what we have been witnessing in Netflix over the past number of weeks.
I'm not an expect in fundamentals, TA is my thing, but I think Netflix is a great buy in the middle of a pandemic while everyone is watching it in winter months. Personally I think the content of Netflix has just got better and better. Subscription fees are incredibly low and there is still room for further big earnings per share from Netflix over the coming years. I wouldn't be surprised to see a big spike up tonight to surpass all time highs.
Stop loss at the low of the flag in case we have some bearish news
$nflx Netflix Setting Up Again Netflix a nice IH&S i am seeing inverse head and shoulders and as well as a possible 1,2 set up maybe ER run up makes this thing have 5 waves up its in the powerful cloud strong support and also a gap to fill screams bullish to me! oh and also hehe its a low float that moves 5 dollars when you blink.
$541.39 was expensive! A temporary bottom at $499.54!$541.39 was expensive! A temporary bottom at $499.54 on January 6, 2021.
Trade Idea: Short-Term Price Target of $528. A possible retest of $508.05. A retest means that the stock must hold that level or we are looking at the next price at $468.29.
This is a follow up writing in regards to my article on January 2, 2020, "A new high above $541.39 is possible for Netflix Inc NFLX." The link to that article is: $499.54 is close enough to my initial prediction. "For long traders waiting for an opportunity to enter this stock, it is expensive to enter at the current market price of $541.39. Instead, a better entry price is around $468.29 if NFLX Netflix truly bottoms around that price."
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully and do your own research before making an investment and investment is at your own risk.
Daytrade: Short NFLX target: $499.50Hi fellows, just one of my today daytrades:
------------------------Trade setup ---------------------------
Entry: 511.51
Stop Loss: 515.80
Profit target: 499.50
Time stop: Exit at market close
------------------------------------------------------------------
If you like the idea, do not forget to support with a like and follow for more trading opportunities.
Why is Netflix going to reach almost $700?Good morning traders, today we bring you our analysis on Netflix, since we consider that it has a great upward potential and is a good investment opportunity.
Based on what the behavior shows us in the chart, we can obtain some conclusions:
🔸For many years this stock has been bullish, so we will base exclusively on the behavior of this year.
🔸From the beginning of this year to the ATH, the price had an approximate 100% increase.
🔸Of course, in the midst of the uptrend, as expected, there were corrections of between 15 and 30%.
🔸The remarkable thing about these situations is that, after correcting, the subsequent rise generated new highs.
🔸Right now we are facing a similar scenario, but with a bigger correction.
🔸It is a clear corrective flag pattern, with a duration of almost four months.
🔸The $ 60 zone was impenetrable, and each time the price faced it generated a bullish bounce.
🔸It is now heading towards the upper zone of the range, where we are expecting a bullish breakout.
🔸In the event of a break in the corrective structure, we estimate a minimum target of 20% to the upside, since it is the cloning of the broken range, which takes the price to almost $700.
Netflix ongoing Long position. Morning traders.
I have just recently posted an idea on how I've traded Netflix this year.
I have linked that idea in on this one.
Just wanted to share and fast forward to the here and now to show the long position currently entered via the script I am using.
For any information on the script please drop me a message.
How I've traded Netflix this year. Morning traders.
I just wanted to share how I've traded Netflix this year with the script I am using and the results I've gotten.
Traded netflix only on an account with a well known CFD provider. £200 deposited and 76% gains on investments since March risking 1% per trade.
This information is all provided by the back test data screen shot at bottom of the screen.
As you will see from the idea screen I have provided details of how the script prompts me when to enter the market.
I simply enter the market set my stop loss and take profit targets and let the trade play out. That easy!
All the back test data backs the strategy up and takes away all the emotion of trading. Something we all struggle with as traders.
Once the trade has played out I simply wait for the next signal alert and go again.
This particular example is working the H1 and the example is taken from back in June and July.
Currently I am in a live long position on this chart as we speak. So we will see how that plays out.
For any more information on the script I am using please message me.
NFLX and how to trade a breakoutI found NFLX over the weekend and believe it or not I have never traded this stock before. We were given an opportunity by the market to take some money off the table with this break out and we did. Follow me for more great insight and for my weekly watchlist visit www.investoratlas.org