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Netflix

Devouring Netflix with Point&Figure analysis. Market Top. SHORT.Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again but then broke the uptrend line and generated a Double-Bottom sell-signal. Following the double-bottom sell, it fell by a further two boxes before being supported by the original uptrend line. It then rallied upwards but couldn't reach the second uptrend line which suggests this trendline now may switch to a resistance role. The price sunk below the original trendline for the first time and generated another double-bottom sell at the level of penetration, falling a further two boxes after the double-bottom signal box. It barely snuck above the original trendline before sinking down, albeit at a higher low. What followed was a strong rally which broke through the original trendline but was met with resistance from the most validated trendline. After very brief congestion, the price rallied through the most validated trendline by 4 boxes. This questioned the resistance power of this trendline. Though it is thought this 4 box rally above was an attempt to reach the previous all-time high. A pole developed and sunk the price through this trendline and then the original trendline again, and created a triple-bottom sell. The next X column failed to come close the original trendline. A catapult then formed with a double-bottom after the triple-bottom. The next X column failed to touch the original trendline before another double-bottom sell-signal was generated. Two downtrend lines have now formed but the area of support is yet to be full broken. My impression is that we are experiencing a market top and that a potential reversal is imminent. Things to look out for: - Will minor downtrend be penetrated? - Will major downtrend line be penetrated? - Will the area of support be penetrated? For a short, anticipate: - the second downtrend line to be validated - the area of support to be penetrated - a double-bottom sell-signal or better
NASDAQ:NFLXShort
by owk13
Netflix zones buying and selling.Netflix stock has been trading in a more predictable wave pattern then most tech stocks at the moment, not saying it is predictable at all but judging from support levels where buyers stepped in and sellers sold, you can make an informed decision on when is it optimal to add or shed your holdings. Most optimal buy zone is between 460-492. From 493-502 is the last avaiable zone for optimal buying with selling going from 524 and up while the zone in between 503-523 is when you should just hold the stock
NASDAQ:NFLX
by infamouskicker
NETFLIX price action for Short term !5 month of uncertainty and Neutral trend for NFLX , But a good positions for short term trading , Buy from the Bottom of the channel and sell from the Top . Fundamentals : The corona virus has increased again and possibility of cities Lockdown can be positive for Stay-at-home Stocks . Price Action : Price placed at Bottom of the Channel also the 200 Day moving average is close to the price , So this Level can Be the Good support P.s : Due to divergence, buying Netflix is Not a Good idea for the long term .
NASDAQ:NFLX
by mohamad_mi
NETFLIX -JUST A MATTER OF TIME TILL IT WILL SHOOT BACK UP !!Netflix on a 4H chart -this is the support level since bounced back from crash of Covid. A very strong stock, signed several exclusive shows for the upcoming winter and has been bit down cause of a less then expected earning report on Q4. With 3 new competitors in the stream on demand market rising Netflix has been beaten around lately and dropped from 525, but this company despite poor management times is a very strong company and this stock is a bullish stock by all Parameters on the “street”. in this idea i present the very strong support level of 470 (55$ drop from its avg high ) and netflix is just 10$ above it at the moment. With a gap of over 4$ to fill and a FIB retracement of 50% i predict a rally from current number all the way to 515$ price targe by the end of Xmas . we do all our analysis on Technical and Fundamental combined on something we call MCBa - market cycle based analysis . Good luck and trade safe!!!
NASDAQ:NFLXLong
by FDGT_academy
NETFLIX - Distribution nears completion?1. A buying climax with spike of supply stopped the up move in Jul 2020. 2. Gap down with huge supply reacting the earning created a supply zone. 3. Decreasing of supply together with the volatility till Aug 2020 cause a rally to test the resistance created by the buying climax. 4. Big bullish bar with spike of volume (with increasing supply) failed to touch the high at 574, suggested selling into strength. Subsequent down swing tested the support with increasing supply. 5. The next rally up only created an up thrust (false breakout) of the previous swing high at 557. 6. Gap down with huge supply. 7. Another attempt to rally with increasing volume but failed right at the next bar could suggest last point of supply before marking down. Notice the supply zone at 2, 4, 6 & 7 posted strong resistance. To violate the bearish scenario, NFLX needs to commit above 525. A break below support at 466 would see NFLX finding support at 410-420.
NASDAQ:NFLXShort
by mingjong
Netflix looking weak? That has not happened in a long timeNetflix for the first time in a while, is just looking pretty weak. It is below its 50-day moving average AND its 100-day moving average. It looks toppy as well, almost as if a double top has formed. I think Netflix is a great company that has done a lot to change the world around content. I also though find its recent slump to be interesting. First of all, Netflix has lead this market higher for a long time. The so-called FANG trade has be talked about for years. Netflix has been a leader and started the content movement, especially to the cloud and new on-demand TV model. With that being said, when a stock like this gets weak, it's time to pay attention. First of all, what could be happening? Is their subscriber growth not happening as fast as expected? Did their recent price hike show what the next steps are? I.e. as subscriber growth slows they have to hike prices? This will be really interesting to watch and could be a barometer for the entire big tech market. Especially in the momentum side of the market. Going forward, I have no trade on, and so I am just brainstorming and sharing my thoughts. However, I think the 50-day and 100-day moving average show the trend is weakening and possibly rolling over. How strong of hands do Netflix longs have? Have they no already had an amazing run for a company worth over $200 billion? Let's wait and see. I'm watching.
NASDAQ:NFLX
by scheplick
9
Lateral range, waiting for breakout up .𝐇𝐞𝐥𝐥𝐨 𝐟𝐫𝐢𝐞𝐧𝐝𝐬 , As usual, today I want to analyze another graph and explain it to you in a very easy way. Look at the $NFLX (Netflix, Inc.) chart. 𝐇𝐨𝐰 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐬𝐭𝐫𝐨𝐧𝐠 𝐬𝐮𝐩𝐩𝐨𝐫𝐭? ▶️𝐀𝐫𝐞𝐚𝐬 𝐰𝐡𝐞𝐫𝐞 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐟𝐚𝐢𝐥𝐬 𝐭𝐨 𝐛𝐫𝐞𝐚𝐤 𝐬𝐭𝐫𝐨𝐧𝐠𝐥𝐲 𝐚𝐧𝐝 𝐫𝐞𝐛𝐨𝐮𝐧𝐝𝐬 𝐬𝐭𝐫𝐨𝐧𝐠𝐥𝐲. After several attempts, in July he manages to break the level 467.10. Since July until now, it has returned to this level on several occasions without being able to break it with force. Whenever the price approaches the same line several times without being able to break and encountering a lot of resistance and bouncing back strongly, it is considered to be a strong support. 𝐇𝐨𝐰 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞? ▶️𝐓𝐡𝐞 𝐬𝐚𝐦𝐞 𝐬𝐭𝐨𝐫𝐲 𝐚𝐬 𝐭𝐡𝐞 𝐬𝐭𝐫𝐨𝐧𝐠 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐛𝐮𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐭𝐨𝐩. At the top of the rectangle, the same story happens as below. The price tries to break 3 times these level, encountering a lot of resistance and the price returning strongly downwards. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐫𝐚𝐧𝐠𝐞? ▶️𝐏𝐞𝐫𝐢𝐨𝐝 𝐨𝐟 𝐭𝐢𝐦𝐞, 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐦𝐨𝐯𝐞𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝟐 𝐥𝐞𝐯𝐞𝐥𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐛𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐚𝐧𝐲 𝐨𝐟 𝐭𝐡𝐞 𝟐 𝐥𝐞𝐯𝐞𝐥𝐬. Well, this in trading is recognized as lateral range, it is dead time where strong hands position themselves and wait for the next move. Normally after the lateral range, the price follows the same trend as before the lateral moment 𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝟑 𝐩𝐨𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐦𝐲 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 : 1. So as long as it does not break the 467.10 support with force, that level is perfect for a buy position to go long, selling the position at the top of the rectangle. 2. Another scenario is to buy at the bottom of the rectangle and hold it until it breaks the top and sell at the next resistance that i mark in the graph. (𝟔𝟓𝟎.𝟒𝟔) 3. The third scenario is that it breaks the 467.10 support forcefully and then we should go short and accompany the price to the next support (𝟑𝟗𝟗.𝟓𝟖) . 𝐈 𝐡𝐨𝐩𝐞 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐥𝐞𝐚𝐫𝐧𝐞𝐝 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐧𝐞𝐰, 𝐚𝐧𝐝 𝐢𝐟 𝐬𝐨 𝐈 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐲𝐨𝐮 𝐭𝐨 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞 𝐢𝐭 𝐨𝐫 𝐥𝐞𝐚𝐯𝐞 𝐚 𝐜𝐨𝐦𝐦𝐞𝐧𝐭. 𝐓𝐡𝐢𝐬 𝐰𝐢𝐥𝐥 𝐦𝐨𝐭𝐢𝐯𝐚𝐭𝐞 𝐦𝐞 𝐭𝐨 𝐭𝐞𝐚𝐜𝐡 𝐦𝐨𝐫𝐞 𝐭𝐡𝐢𝐧𝐠𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞.
NASDAQ:NFLX
by scam2nft