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NFLX | Short Opportunity | 3 Day Chart |Correction of 9% - 22%Why subscribe to my post and follow me? I'll only provide excellent opportunities that you have a hedge; this means a good risk and reward ratio I have a BA in finance and a good understanding of microeconomics I have five years in Technical Analysis, I love reading charts and won't provide you with shitty charts or different indicators every time I'll provide you with realistic targets and exits for a safe trade I want to provide information for all long & short term traders. Long can hedge against this move, and shorts can profit from the correction. 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.
NASDAQ:NFLXShort
by Winallday310
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.
NASDAQ:NFLX
by juan75
Bullish Charts - Streaming Media PlayRoku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience marketplace program; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries. The company was founded in 2002 and is headquartered in Los Gatos, California. Daily Chart looks amazing. Golden Cross at the 112 to 113 level. Broke out above the cloud after the cross. Volume, PMO, MACD, RSI & Stochastic are all Bullish Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:ROKULong
by HotCharts