NFLX and how to trade a breakoutI found NFLX over the weekend and believe it or not I have never traded this stock before. We were given an opportunity by the market to take some money off the table with this break out and we did. Follow me for more great insight and for my weekly watchlist visit www.investoratlas.org
NFLX
NFLX Long/Short?NFLX been having the same pattern for a long while now. But let the market pick the direction before entering a trade.
Bullish over 509, PT 520-525
Bearish under 491, PT 478.43-470
Still stuck in that channel wait for a break of the purple trendline for long, grey trendline for short. Also its tricky with vaccine and stim news. Who cares about NFLX now?!
NASDAQ:NFLX Netflix stock forecast, Buy Breakout, Target 669Netflix (NASDAQ: NFLX)
Trade : Buy Breakout
Entry : 512.5
Target : 669 (156.5, +30.54%)
Stop : 491 (-21.5, -4.2%)
Posted on Saturday, December 12, 2020
Note : Netflix stock attracts my attention. Its stock prices are expected to rise one notch higher. If they strongly break out the 512.5 level, it would be a buy-signal. If the prediction is right, target(resistance) price could be around 670. As of now, it is necessary to keep in mind that the stock markets and stock indexes are in an unstable phase. We need to keep the stop-loss rules strictly.
NFLX Consolidation pattern looking for breakoutNFLX long consolidation pattern started July is suggesting a breakout that could take us higher into wave iii upside target that might reach 640-650. Note that Consolidation started in July through Nov is now showing signs of a breakout. Looking to establish longs with stop level at 464.
Microsoft is about to add some juice to the Nasdaq I started buying Microsoft call options on today's weakness and I'll be adding tomorrow. Price action is getting really tight at the right spot - $214.
Here's what I'm seeing on the daily time frame:
We have a potential bullish continuation pattern on the daily if the support holds
Do you see the support?
With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks.
Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT:
A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it.
Reminder:
I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
NFLX - Going for 570. Will 662 follow after ? Good R/R setup !NFLX - Looks like we could see a rally up to 570 first, followed by 662 next but this view has to be evaluated anew once (if) price reaches 570.
Best is to wait for a push above 496 before buying, in which case Stops can be placed at 475 but I recommend using 458.8, just to give it some more room.
Ps: Notice that we have a potential Head & Shoulder pattern, building potentially the right shoulder.
NETFLIX path and direction possible breakout ?!Hello everyone
This is my Netflix idea for daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Note: price broke two important support orange line and green line
we remain bearish since price is trading below those two lines however
it seems that price is building a zone .. a demand zone and it lead to a breakout to the up side
to test orange and black line
ON RSI price seems to have a breakout need to confirm if those two lines hold as support