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NFLX

$NFLX it was fun wall it lastedNASDAQ:NFLX while it's been a nice 300% gain over the last year 2 years, I think the trend is starting to reverse. If you look at the chart, you'll see that we've formed a double top. You'll also see the price has held the trend line fairly well on the way up. Now we've rejected it twice and I think that price is heading much lower from here. I think we're likely to see new lows by end of year. We've seen 3 touches on the support at $163, which leads me to believe that if price can retest that level, we'll break it and see new lows. I think the lower supports $88-124 are likely. I've taken these positions to express the view: 10 NFLX 08/16/2024 550.00 P 60 NFLX 01/17/2025 200.00 P Let's see how it plays out
NASDAQ:NFLXShort
by benjihyam
Netflix (NFLX) - Preparing for the Next Upward MoveBack in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly. Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term. Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
NASDAQ:NFLXShort
by freeguy_by_wmc
NFLX - Netflix / Idea INetflix 12M: → Bullish close but truely bullish above 701 → the grey zone being at → 633 – 585 (Fib ext.) → in case of a breakout 744 is target 3M: slightly less progress because of 701 Ath close by – traders will think about double top from here on → 701 showdown likely Monthly: Bullish close but yet a bit hesitation going on here. Probably some profit taking going on. 3D: Ascending Triangle in play like in many other stocks – waiting game until a break occurs thanks for reading, feedbacks appreciated
NASDAQ:NFLX
by MeruEU
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021 #BTC has also more than doubled #SOL has 4 or 5 X'd This chart is combined price chart of #Googl #Appl #MSFT #Amzn #NVDA #NFLX #META U can see the two head and shoulder tops in 2021 and also the inverse head and shoulders in 2022 The clean break and run. And also the Bull Pennant which has already bullishly triggered 3 weeks ago. From these levels if that Bull pennant target is to be met (log scale) It seems this basket has another 30% move left in it.
NASDAQ:GOOGLLong
by BallaJi
2
NETFLIX Bullish break-out eyeing $725.00Netflix (NFLX) has established trading above the 1D MA50 (blue trend-line), turning it into a Support following the rebound since May 01. With the long-term pattern since June 14 2022 being a Channel Up, similar bullish break-outs above the 1D MA50 (blue circles) have been the start of Bullish Legs. Even the 1D RSI has been very consistent at identifying bottoms. The last two Bullish Legs topped after the price hit the 1.786 Fibonacci extension level. As a result, we remain bullish on NFLX, targeting $725.0 (the 1.786 Fibonacci). Flashback to our previous idea: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
1
NFLX is at the support of the POC line LONGNFLX on a 120 minute chart currently has price sitting on the POC line confluent with the Fibonacci 0.5 level on the previous trend up that was before the trend down from around the time of an earnings beat which was a disappointment because traders somehow expected better. There is been some disappointment about NFLX keeping some of its subscriber trends private. Not a surprise. Price has put in somewhat of an inverse head and shoulders or triple bottom. The Lux Algo forecasting indicator expects a move up. I will take a long trade here. I believe that this is a buyable dip.
NASDAQ:NFLXLong
by AwesomeAvani
1
Netflix Tanks 7.26% on Tepid Forecast, New Support on the WayNetflix Inc. ( NASDAQ:NFLX ) experienced a sharp decline in share value on Friday as a result of its weak revenue forecast and plans to discontinue reporting subscriber numbers by 2025. Despite an otherwise strong start to the year, Netflix's lackluster forecast led to a 7.6% decline in premarket trading in New York, marking the biggest decline since July 2023. While the company surpassed expectations for its first quarter, it indicated that it expects a slower pace of growth moving forward, with subscriber gains anticipated to be lower and revenue expected to increase by 16%. Netflix's decision to cease reporting quarterly membership and revenue per subscriber metrics from the first quarter of next year has also generated concern among industry analysts. These metrics have long been the primary way in which Wall Street has assessed the company's performance, and as such, the decision may be met with resistance. Netflix has sought to shift the focus to traditional measures of performance, such as sales and profit, but management will continue to report significant subscriber milestones. Despite a slowdown in 2021 and 2022, Netflix ( NASDAQ:NFLX ) has experienced its fastest growth rate since the early days of the pandemic, largely due to its crackdown on account sharing. The company estimated that over 100 million people were using an account for which they did not pay, and by convincing these individuals to pay for access, Netflix has added 9.33 million customers in the first quarter of 2024, nearly doubling average analyst estimates of 4.84 million. Netflix's strong slate of original programs has also contributed to its recent growth, with the company delivering a new hit every couple of weeks in 2024. The streaming service accounts for about 8% of TV viewing in the US and is a leading TV network in most of the world's major media markets. The company's recent performance has lifted its shares back toward record highs, giving it a market value of more than $260 billion. While some analysts have raised concerns that Netflix is trading at a valuation that exceeds the fundamentals of the business, others have been impressed with the company's performance and have raised their price targets for investors. To sustain its growth in the future, Netflix has introduced a cheaper, advertising-supported version of its service targeting cost-conscious customers and has invested in live programming, including stand-up specials, wrestling, and an upcoming boxing match. The company has also reported that approximately 40% of its new customers are selecting the advertising option in markets where it is available, although the advertising tier remains small in comparison to online video giants like YouTube. Technical Outlook Netflix ( NASDAQ:NFLX ) stock has broken the ceiling of the rising trend channel on the verge of reaching a new support level at the $504 Pivot point. The stock is trading with a weak Relative Strength Index (RSI) of 25.75 indicating NASDAQ:NFLX stock is in the oversold territory. Traders need to be careful incase of a trend reversal after reaching the new support zone.
NASDAQ:NFLXShort
by DEXWireNews