NETFLIX NFLX stock long bias from weekly demand imbalanceYou don't really need a university career on economics to learn how to trade stocks like Netflix NFLX, you don't need to buy dozen of books on trading strategies, economics and fundamental analysis on how well a certain company has performed in the last quarter or in the last year. You can learn how to trade stocks like Netflix NFLX by simply locating the imbalances created in the underlying stock.
Since you won't be needing any Phd on economics, learning how to trade stocks using the supply and demand imbalances by professional traders will make it easier for you if you are new to trading, trading stocks for dummies we could call it.
We have a clear example of a strong imbalance of demand on NetFlix NFLX american stock. This particular stock has been dropping for weeks since it reached the $370 per share price level. There were opportunities to sell NetFlix stock when it was up there but now that price has reached a very strong demand imbalance on the weekly timeframe around $256, if you every sold NetFlix up there or on the way down, it's time to close your trade and take profit because we are expecting price to rally much higher as a reaction to that strong demand level on NetFlix weekly imbalance.
Let's hope price rallies much higher on NetFlix, similar imbalances have been created on many other american stocks. NetFlix forecast together with other american stocks are bullish and are creating very strong demand levels and even breaking all time highs over and over.
Netflix
Netflix: Ideal long term Buy opportunity. Potential Target $650.Netflix has been under heavy selling pressure since July on the 1W chart (RSI = 31.642, MACD = -16.980, Highs/Lows = -48.8636) and is approaching the 231.23 December 2018 low. This is an ideal buy opportunity as the Demand Zone is set within 236.11 (Feb 2018 low) and 220 (expected contact with the 1W MA200 (orange line)).
Furthermore, what makes the current levels even more appealing is the fact that since 2015 a Double Bottom formation on the Demand Zone always initiated the next strong rally with the 1W MA200 supporting. Even in 2012 when then Double Bottom marginally broke, the Demand Zone held and delivered a rally of nearly +800%.
We are therefore long on NFLX and assuming the modest scenario of the 2015 rally is replicated, a +179% rise can push the price to $650.00. You are of course free to choose your own target zone with 385 - 415 Resistance Zone also an appealing option for short term investors.
*Note: the log chart was used on this study in order to best display the long term patterns.
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WHAT A STUPID THING TO DO FOR A CEO OF NETFLIX! LOOKS SUSPICIOUSI DONT KNOW IF YOU ARE LIKE ME BUT I FIND IT HIGHLY SUSPICIOUS FOR A CEO OF A COMPANY LIKE NETFLIX BEING WATCHED VERY CLOSELY AND HOOVERING AROUND 300 $ FOR A WHILE AFTER COLLAPSING FROM 370 $ BECAUSE OF POOR SUBSCRIBERS NUMBERS AND NEW COMPETITORS OUTLOOK!!!
MAKING SUCH A POOR COMMENT PUBLICLY IS EITHER BEING THE DUMMEST ASSHOLE OF ALL TIME OR HE IS UP TO SOMETHING WITH WHOEVER WE DONT KNOW TRYING TO PUSH THE SHARE PRICE LOWER MAYBE TO BUY MASSIVELY CHEAPER.
FOR SURE HE KNEW THAT OPENING HIS BIG MOUTH LIKE THIS WOULD CAUSE GREAT STRIRS IN THE MARKET AND PRESSURE ON PRICE!
SO THE KEY QUESTION INVESTORS ANS SPECULATORS ALIKE SHOULD ASK IS WHY DID HE DO THAT ???? ESPECIALLY THAT HE SAID NOTHING NEW REALLY ABOUT THE NEW COMPETITION AND THE PRICING WAR AND CHANGED LANDSCAPE.
LET ME KNOW YOUR VIEWS
THANKS A LOT
Roku's Fibonacci drop analysisTechnical analysis
OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.
Fibonacci retracement has its 61.8% line at $102.
We are at a SMA(100) support.
Market moving out of growth, into value.
Moving market news
Pivotal research downgrades to $60 (SELL).
Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.
Note
* Keeping a tight stop limit, there is a great risk reward ratio.
$NFLX is the rotten apple of the large cap bunch! Major Indices hitting their head against major resistance levels while Netflix is is breaking 20 day lows. Price could be heading to $231.26 and with high implied Volatility of 40% with could see a major move to the downside!
If the overall markets starts to roll over Netflix could get dragged down even further.
Netflix UpdateStock will retest 315-318 levels before failing a current triangle's lower trend line, thereby confirming the next support line, which forms a descending closing wedge . Will reach 230's by end of this year or early 2020 latest.
Other technicals have checked-out as well: Monthly Candle, BB, SMA, RSI, MACD, PSAR
(B = bear area, N = neutral area)
Netflix small breakout before continuationWatching this falling wedge for a small move to the 61.8% fib target. It's a counter-trend trade so it's tricky.
I'm taking my profits fast and will look for a longterm short after. Will only use a stop buy order to get myself in the trade, else will skip it.
THE BEST NETFLIX SETUP YOU WILL FIND THIS MONTHExcited to see the development of this one, with price currently respecting our first key level at $293 we can either expect some strong institutional pressure going long to kick in very soon, or if not then a push slightly down to $280 then proceeding with a solid push $385. We are looking to buy up to $385.
Please message me for further details or any help and blessed trading! :)
Disney the Netflix Killer?I can't see Disney taking meaningful shares from Netflix but
the chart is rather bullish
Break out & gap up after good earnings (announcement of Disney plus)
Stock has been consolidating for a few months, since gap up
Trading between the low $130s, high $140s.
A break above $140 and this can potentially hit $200.
NFLX, Netflix Inc. - Breakdown on Failed & ShouldersNASDAQ:NFLX
We do not short Netflix because we really like the fundamentals of this company, although it is not yet profitable in their financials until it reaches a certain number of subscribers that is approaching as the company goal, and that grows steadily.
The business model has destroyed many competitors (Blockbuster above all) and is an exceptional platform for films and series.
Very nice brokendown pattern on the Failed Head & Shoulders. Let's monitor it with the hope of getting us back on one of our 20 favourite companies.
finance.yahoo.com
Elliott Wave View: Netflix Structure Looking Further DownsideElliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2. The stock has extended lower in wave 3 with the internal unfolding as 5 waves impulse Elliott Wave structure. Down from 316.59, wave ((i)) ended at 288 and wave ((ii)) ended at 311.75.
Wave ((i)) subdivided in another impulse structure of lesser degree. Wave (i) ended at 305.68 and wave (ii) ended at 316.43. Stock resumed lower and ended wave (iii) at 292.65, wave (iv) ended at 301.73 and wave (v) of ((i)) completed at 288. The internal of wave ((ii)) correction subdivided as a zigzag. Wave (a) ended at 303.55, wave (b) ended at 295.76, and wave (c) of ((ii)) ended at 311.75.
Wave ((iii)) is currently in progress and the internal subdivides as a 5 waves impulse of lesser degree. Down from 311.75, wave (i) ended at 293.15. Expect wave (ii) bounce to hold below 311.75, and more importantly below 316.59 for further downside. We don’t like buying the stock. As far as pivot at 316.59 high stays intact, the stock should resume lower. The bearish view will get further validation if the stock is able to break below August 15 low (288).
I'd Wait Another 100 Bucks before Buying $NFLX NetflixNFLX Just an observation on the lifetime channel of NFLX Netflix. It seems to me that any increased selling pressure should easily bring this down to the 200 range by the end of September without breaking much of a sweat. I'm looking for the RSI support break myself. Note the Klinger Oscillator has crosed over bearish, turned below zero and began to spread. Not a good sign for now. Whatever your beliefs in this stock fundamentally may be, I won't argue. But technically, I would not go long this stock until it either touches its midpoint line around the 200 area or it broke above its ATH. I don't care how much gain I would miss in between, because my piece of mind being able to sleep knowing I'm not worrying to death over my NFLX investment is worth way more. Much much better opportunities in the market at this time than this stock. Just one man's opinion. Happy hunting and GLTA!!