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Netflix

NFLX NASDAQ: Correction or continuation of large growth?NASDAQ:NFLX My chart shows me that NFLX should be corrected soon. In case of successful penetration of MA, which acts as a support, we will move in a downward movement. At the moment, my idea is supported by my NYA Sequential indicator, which is based on the Thomas DeMark Sequential indicator. In addition to my own indicator, my thought confirms Stoch RSI. The idea is quite risky, since a small increase can continue and it will be followed by a fall, the main thing here is to set the stop loss correctly. I remind you that I do not give financial recommendations, everything that I publish is my opinion and my thoughts. Wish you luck!
NASDAQ:NFLXShort
by mazoto
NFLX breaking down from its rising wedge pattern. Netflix is currently breaking down from its rising wedge pattern, and it appears to be setting up to retest some of its daily moving averages. We have the 200 day moving average around 339, the 50 day moving average around 327, and the 100 day moving average around 313. Based on the measured move of the rising wedge, we could see Netflix come down to the 310-315 level, which would be in line with our 100 day moving average. The RSI and Stochastic are also indicating downward momentum. Most of the market seems a bit on edge, so we could be seeing the start of a market-wide pull-back or correction. Moving average guide (All daily moving averages for this post): 10 MA in Orange 20 MA in Pink 50 MA in Green 100 MA in Yellow 200 MA in Red -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
NASDAQ:NFLXShort
by Deftsuo
NETFLIX - Interesting Fractal SetupPretty much all the information is written within the chart itself. To sum it up, from June to October 2018 there was a pattern that had developed after NFLX reached its high. There was a 7 wave move to the downside that made 4 consecutive lower lows while forming divergence on the RSI + MACD. Followed by the breakout, price hit some sort of resistance and formed an ascending triangle. These have a tendency of breaking to the upside, although in this case it broke above just slightly and then failed miserably resulting in a >10% drop. On the RSI, there was a triangle that formed as well. When the RSI broke through the support that was an early signal to short NFLX. Now fast forward to today, we have all the same points labeled on the price action as well as the RSI + MACD. There is major divergence on the MACD and RSI has broken downwards out of the triangle it was in. First short target is the first touch of the ascending triangle support (point 9). The R:R for this trade is a nice 2.17 and could result in an even larger move to the downside since this pattern is a lot larger than the first.
NASDAQ:NFLXShort
by nickd534
2
2019 - 2020 RECESSION IS COMING AND HOW TO MAKE MONEY ON ITWhen looking at the 2008 recession i noticed some similirates. The first wave ended at a 1.618 extension which is also did in 2019. What next? We then had a impulsive wave up, touching the 0.618 extension of the 2nd wave up in 2008. In 2019 we are doing the same, but this time the wave went above the 0.618. It states that wave 2 can reach a maximum 0.786 extension before it invalidates. In 2008 we saw 5 waves down with the the last wave ending at a 2.272 extension. If we repeat history we should be seeing the exact same. A 2.272 extension of 2019 will bring the SPY to 150. Also look at the RSI, from 2008, each time it did 2 lower highs, with bearish divergence. Look what we have in 2019? The exact same with, 3 lower highs! I am confident we should see a crash coming soon, and you should be looking to short stocks. Firstly we should look at very overvalued stocks. So which stocks am i shorting? NFLX AMD PYPL LULU
AMEX:SPYShort
by LukeSkywalker
13
NETFLIXExperimental Gann set up (trying to predict dynamic resistance levels) with key trend lines . I expect total distortion of bullish momentum followed by crazy bearish waves in 2019. I see the price action cutting down our final remaining trend line which acted as a support and resulted in strong bounce December last year. Fundamentally speaking - NETFLIX remains wildly expensive and all the big media players are entering their space this year. They keep raising prices and losing the content - so would definitely avoid buying it any time soon.
NASDAQ:NFLXShort
by PARADOX27110448