Netflix fealling the bear pressure ?Netflix hasn't been able to retain that growth force from last weeks and is in a somehow lateral vibe. The world is still in pandemic mode but it doesn't mean that there will be new customers dying for sign a new membership. If anything, some people could cancel the subscription if their financial situation gets worst.
Although the market does whatever it wants, i'm feeling the bear vibe, pushing Netflix towards 465 or 440 price level.
Call Scenario
If somehow the price pulls up and recovers the last two days, it could try to reach again his 500 level which will gives some mental peace to the market
Put Scenario
The "vibe" becomes reality and the price finally colapse and goes toward de 465 and then 440 and how knows why not 400!
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Netflix no ha sido capaz de mantener su fuerza y en los ultimos dias ha estado bastante lateral. El mundo sigue en modo pandemia y a diferencia de antes, esto no quiere decir que haya millones de nuevos clientes esperando firmar, al contrario, si la situacion se agrava, podria ser mas normal que los usuarios empezaran a cancelar el servicio debido a que no tienen dinero/
El mercado es el que decide, pero si me preguntan, yo creo que los osos ganaran esta vez!
Escenario Call
Como siempre, el mercado hace lo que le da la gana y el precio de alguna manera se sobrepone a los 2 dias anteriores y busca la zona de 500, dando una paz mental al mercado
Escenario Put
Se da lo que varios pensamos, y el precio finalmente cede buscando la zona de 465, 440 y porque no la zona de 400!
Netflix
oh Netflix, will you finally give up?Since earnings, every time the market try to push it down hard, somehow the market push it up again. From our original FIbo Analysis, is now in the .382 fibo zone and trying to get back to the .50 level.
I would believe that the "big mass" of subscriber has passed and therefore there is more likely that the price goes souther. But who are we to know it? the market will decide.
Call Scenario
If the price keeps going up and cross the 484 price, it would go for the 500 zone
Put Scenario
if the logic wins, the price will go and test the 470 levels which will be the low level of 1h and if it cross it, it will try to go to 440, 424 or even the 400
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netflixHello traders, here is the analysis from our team :
We feel; These area's. Will give best results for scalp buys, Or Sells.
#1 Sell @ 00000
#2 Buy@ 486.27
* Futures sometimes run in one direction during Day. *
So. If no Momentum, Or pullback in these area's for 7/27/2020.
Void trade. We like 130 pip Sl/Target. Take profit 5 to 130 pips, Move
STOP LOSS UP WHEN YOU CAN.
Let us know in the comment section below if you have any questions.😉
Buy the fakeout break of nasdaq double topNice opportunity here to buy a fake breakout of Nasdaq double top. 100 hour SMA has not yet crossed the 200 so this looks like a fake breakout buy signal.
Really this is a pullback to the 4hr 200period Moving average. Quite rare in tech and a great buying opportunity here.
Big area of support below so we can go at this with a wide stop if we like.
There should be a good opportunity for some good profits at least to the next resistance above maybe even back above the rising trend line.
Signals for 21/07/2020let’s look at today’s ideas.
Let’s start from EURUSD. For this currency pair we have to wait for the reaction of the price to the resistance level. If the price holds above – go long till 1.1380. And if it holds below – go long till 1.15, pretty simple, right?
GBPUSD – The price stays inside an important resistance level. I expect the price to go down and hold below the level. I fit will happen it is a nice opportunity for short trades. The first target – 1.2620.
USDCAD is now inside an important support level. If you look at the bigger picture – the price tried to form a false breakout. That’s why we have to wait. If the price holds below this level – lovely chance to go short. First target: 1.3420.
Another idea is for Microchip Technology Stocks (MCHP). As you can see price tried to form a false breakout of an important resistance level at 108 USD/Share. That’s why now we are looking at how price will be acting: if there is going to be an impulsive breakout, you can go long for this stock after a fractal formation. And the first target will be around 113.
The last idea is for Netflix. As you can see the price bounced from an important support level around 490. So, this is a nice chance to go long for this stock. And the first target will be around 530.
That's it for today!
How to trade the Netflix bear flag post results Here we have a bear flag continuation pattern to the downside in play on Netflix ahead of results.
Netflix can be extremely volatile when it posts after the closing bell today. The best trade set up here would be to look to buy the break of the bear flag below if it starts to retreat back into the bear flag. That's what us pro traders call a fakeout buy signal.
Alternatively if the bear flag fails and prices rally above we might also consider going long. Even though we see a bear flag what we must really see is the very strong moving averages on the 1hr and 4hr charts.
Any heavy selling of the bear flag would negate any longs. I'm not interested in shorting Netflix though while we are in Lockdown and everyone is watching TV lol. Nor when the Moving averages (particularly the daily and weekly) are so bullish.....
Let the trend be your friend and look to buy dips as and when you can.
NFLX LONG SET UP (Netflix)TITLE/(DATE)- NFLX/USD (7/16)
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $478.50 (pending)
ENTRY 2- $471.50 (pending)
STOP LOSS- $468.50(100 PIPs)
TAKE PROFIT 1-$488.50 (100 PIPS)
TAKE PROFIT 2- $498.50(200 PIPS)
TAKE PROFIT 3- $508.50 (300 PIPS)
TAKE PROFIT 4- $528.50 (500 PIPS)
TAKE PROFIT 5- $548.50 (700 PIPS)
TAKE PROFIT 6- $568.50 (900 PIPS)
STATUS: Pending
NFLX - Netflix and chill...further decline? NFLX - What a move!
Netflix, yesterday the earnings of NFLX were not so hot after all. Allowing us to chill further down to a deeper pullback. We are pattern wise - Bear flag. Measuring it, could lead us to that first hit of the red trend-line up. Now it's still within consolidation. However, if NFLX does breach towards upside the arrow is showing where it could head to. However, likely of deeper pull back may be due for NFLX - What goes up, must come down. We had a steep momentum of bulls in control. Will we have the bears heading in control for little while...?! Only time will tell but great support and resistance lines to indicate to us what we could see happening as well as patterns.
Give us a LIKE & COMMENT for any other pairs you might be interested in. All our ideas are FREE.
Remember: It's just a trade idea, not recommendation.
Have a great weekend.
Netflix after earnings: a chartNetflix was down almost 15% after earnings. I quickly pulled up a chart to investigate. As you can see the stock was maybe "running ahead of itself." It went into earnings up 60% year-to-date. Most stocks don't return that in even a 5-year timeframe.
Regardless, as you can see, the price is about to near a crucial point that marks a lot of volume and trading (the shaded box). My guess is someone sold a lot in those levels and whoever bought might end up with the bag.
Let's find out though when the market opens shortly.