Netflix will continue to 512A new HP. As predicted, Netflix kept going up looking for zone 512. There is only 1 week left and it looks like tomorrow will reach the 512 zone. The question is will it keep going up until earnings or will the sharks will make the price goes down before earnings so they can buy cheaper?
Un nuevo Alto Historico. Netflix continua buscando la zona 512 faltando 1 semana para los earnings. La pregunta es, seguira creciendo hasta los earnings? o los tiburones haran bajar el precio antes de earnings para asi poder compar barato?
Netflix
How the Elliott Wave works on NETFLIX (NFLX)Back in June, we wanted to prove to our members how the Elliott Wave Theory, when used correctly, can help traders narrow down the probabilities of price movements for any financial asset, allowing them to foresee what other traders can't. As an example, we applied the theory to the NETFLIX (NASDAQ:NFLX) chart to show our members how its price would likely behave over the time period of several weeks. That was almost a month ago so let us find out how things have progressed so far.
Check out the comparison charts below:
Today's chart:
First posted 3 weeks ago:
Using the theory, we were able to precisely predict the price milestones that the NFLX market would take to reach its new all-time high of $500. The theory does not always work but when it does, it can be very precise. If you are interested in learning the theory, we would recommend you start by reading this book entitled "The Wave Principle" by Ralph Nelson Elliott . Please share and like this post if you find it useful.
NFLX (Netflix): Possible H&S PatternNFLX (Netflix) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately $405 to $408 range.
Downside breakdown target would be -13%, or approximately $355 range.
If the H&S fails, NFLX would need to breakout above $444 and $459 to continue the uptrend.
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A. Netflix has gained over 68% over the last four months; there is no doubt that due to the COVID - 19, the amount of membership has increased dramatically. It has a current P/E ratio of 96 compared to its biggest competitor Disney with a P/E ratio of 37.
B. Netflix has created fantastic content, which has helped them almost double their revenue and contribute a higher EPS to shareholders from 2017 to 2019.
C. Analyzing the 3-day chart, we find divergence since the start of the COVID 19 in March. On Feb 14, 2020, the RSI was a high-level os 75 at the price of $400. Since then, it crashed down to $300 and back to $480 this week with an RSI of 63.
D . Divergence is a sign that the trend is getting weaker since there are fewer buyers, and we could expect a change in pattern.
E.Corrections :
1. The first correction I expect it is a solid uptrend is to bounce at the 20 EMA at $433 and break overbought conditions at 70RSI to break the divergence.
2. The second possibility is a correction of 38.2%, which is next to the 50 EMA, which is 22% away from the current price at $394.
3. The last possibility is that it bounces the 100 EMA at $365.
4. Use this correction points to average in or to hedge against you long positions.
Trade safe and do your own DD.
Netflix 2 semanas antes de Earnings? Continuara buscando AH o noAnalisis para Semana Julio 6-10
Faltan 2 semanas para earnings, lo cual hace que exista mucha volatilidad y que los contratos se pongan caros.
Hizo AH el dia 1 Julio con un alza de casi 40 doalres, algo inusual en Netflix, pero el dia de hoy retrocedio.
Scenario Call
La tendencia es altamente bullish y los analistas estan estimando precio de 600 a 615, por lo cual puede abrir con gap up y superar AH. Esto confirmaria la tendecia y la accion puede tomar mucho momentum antes de earnings. MA 8 sigue por encima de la MA21 en VD
Scenario Put
La accion puede devolverse hasta nivel .236 de fibonachi el cual es un claro soporte en el pasado en 436 y el cual era el precio de la accioni en el ultimo earnings.. si lo pasa puede continuar hasta el nivel 420.
Puede ser un escenario posible ya que los que compraron anteriormente podrian estar buscan sacar sus ganancias antes de earnings, y bajar el precio para luego volver a entrar despues de los resultados.
NETFLIX INC Long-Term Short IdeaI think there is a possibility for a long-term set and forget short. Target around 325 around the 10th of September.
I am not trading this instrument, just sharing for fun and to see what happens down the road. I want to see if what I did to get these results bears any fruit.
Trade smart. Manage Risk.