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Netflix

Elliott Wave View: Rally in Netflix is Expected to FailElliott Wave view of Netflix (NFLX) suggests the stock is doing a double three correction from September 2 high. Down from September 2 high, wave (W) at 478.84 low. The subdivision unfolded at a zigzag correction, where wave A ended at 485.98 low, wave B ended at 522 high, and wave C ended at 478.84 low. Afterwards, the stock bounced higher in wave (X). The subdivision of the bounce unfolded as an expanded flat correction. Up from wave (W) low, wave A ended at 493.73 high. Wave B dip ended at 471.30 low. The push higher in wave C ended at 504.77 high, which also ended wave (X) in the higher degree. Since then, the stock has resumed lower and broken below previous wave (W), confirming the next leg lower in wave (Y) has started. Down from wave (X), wave A ended at 463.27 low. The bounce in wave B unfolded as another expanded flat and ended at 492.37 high. Currently, wave C is in progress. Wave ((i)) of C ended at 465 low. The bounce in wave ((ii)) is still unfolding as zigzag correction. While below 504.77 high, expect the bounces in 3, 7, or 11 swing to fail for more downside in the near term. The 100-123.6% extension of wave A-B where C can potentially ends is at 441.36-451.13.
NASDAQ:NFLX
by Elliottwave-Forecast
FANG+ Index: All US Fang Stocks Likely ToppedHello traders, The NYSE FANG+ Index, which constitutes: Tesla, Nvidia, Alibaba, Baidu, Twitter, Facebook, Apple, Amazon, Netflix and Alphabet, have in my work, topped. In particular, those of which are US-born names. Some may get closer to their current ATHs than others, and others may consolidate in a B wave more than others, but overall as a general trend, many of them have reached their complete and total top. A lot of people were angry at my Tesla call where I accurately predicted that the top was reached and it will begin to crash - this deemed to be correct and spot on. Since then, many people on TradingView have copied my Tesla chart almost identically with different colours now that they have already seen a significant demise in the technicals of the stock. This is not the time to be taking risk and artificially believing large-cap US tech can "go up forever" otherwise you will get burned in the next half year and several years beyond. Trade large-cap tech with extreme caution. This risk is not just limited to FANG stocks - but also - stocks like Peleton, that have soaring valuations; that are totally unrealistic, unsustainable and unachievable. -zSplit
ICEUS:FNG1!
by PaulDeep19131
8
Over pricedIf the stock market does see a reversal Netflix appears to be one of the best stock fundamentally to short. It's sitting with a P/E over 80. The company has main stream adoption and dominance in their market. The issue with being the largest in an industry is unless that industry keeps growing you can't. They are valued like a growth stock without a high growth small cap narrative to justify it and they have increasing competition. On the technical side a retracement to 200 daily MA is very possible if the market see's a correction. MACD is signaling a change of direction on the stock. RSI have lots of room to move down. Price: 517 Stop loss: 550 Take Profit: 400
NASDAQ:NFLXShort
by JamesRennie
3
Long Term investment on Netflix NFLX- Weekly chart - has broken long term rectangular which started June 2018 - made back test at $424 and got strong support - price is bullish on 10 EMA + 40 EMA - MACD is bullish - long term investment with expected ROI %20 in 6 months What do you think ? Please read this first ! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading. Regards
NASDAQ:NFLXLong
by karati
GNUS the hated child of penny stocksNow I wanted to post my TA of a near $1 GNUS was possible, but I didn't cause I don't care nor have a position. I'm just watching it as I eat popcorn News -GNUS is bring alot of talented people on its team, yet again this is a growing company trying to establish a foundation. Theres one problem with this tho, its they had years to establish this foundation, so it makes it hard for insituions to jump on to a vision that hasn't pulled through in the past. -Establish its toys in Walmart and Amazon: good but there is just no establish brand awarness and its a hard competiton going against establish brands, such as star wars and exc. Their toys are mixed in with a bunch others, yet hasn't achieved its brand's potential. TA -Well its just keeps on dumping which many reasons can explain this, yet is still in the air. 1: They havn't made much money or if any in the past, so they would dump their shares from a .30cent sideways movement to a peak of 11.8 (I would). 2: It was over hype and the GNUS bubble popped. From the peak it ranges from a 90% correction to about an 86% correction. A bubble is a 70% correction and we are past that. 3: Penny Stock investors are selling and jumping into the next hype train from xspa to gevo. -Again theres many reasons why this stock keeps on dropping, so what are the supports that we can expect? This could be next at 1.02 (6% downward move), .60 (44% move downward move), or for now .34 (a full entrancement and a 68% downward move). -Since we aren't at 1.02, I left 1.37 light blue (a 26.7% move upward). Now its very hard to tell where it will bounce and if it can hold any price at all. Final Thoughts I'm just watching this as it drops and laughing at Andy's comment comparing his company to Netflix. Theres many problems with his streaming service and one being his offbrand cartoons and rip offs of others. One is a minecraft show, yet is a direct rip off of stampy from youtube. The video style and ep match almost 1 to 1 with the hype of his channel. This is a solid pass and if any advice I can give is remove your streaming service and redo all the cartoons and make them ORGINAL and up the art and visual effects. We live in 2020 and kids can tell with the poor voice acting. An idea is a Caillou spin off of an Orginal story and characters and not follow a 1 to 1 replica.
GShort
by nathanielx9