NFLX
NFLX LONG SET UP (Netflix)TITLE/(DATE)- NFLX/USD (7/16)
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $478.50 (pending)
ENTRY 2- $471.50 (pending)
STOP LOSS- $468.50(100 PIPs)
TAKE PROFIT 1-$488.50 (100 PIPS)
TAKE PROFIT 2- $498.50(200 PIPS)
TAKE PROFIT 3- $508.50 (300 PIPS)
TAKE PROFIT 4- $528.50 (500 PIPS)
TAKE PROFIT 5- $548.50 (700 PIPS)
TAKE PROFIT 6- $568.50 (900 PIPS)
STATUS: Pending
Netflix stock plunged overnightNetflix (NFLX) earnings miss and weak subscriber guidance. The coronavirus stock market rally retreated Thursday, closing near session highs but with growth names lagging again. Earnings season adds another layer of risk for investors.
Netflix stock plunged overnight, wiping out nearly all the gains from its most-recent consolidation. Netflix earnings were disappointing. Meanwhile, Netflix subscriber growth was strong, but the internet TV streaming giant forecast weak gains for the current quarter.
NFLX Rollercoaster Week. Bullish FridayNetflix dipped sharply on earnings miss.
Weak subscriber forecast.
Beats revenue in Q2 report.
Revenue Estimate $6.08 B
Revenue Actual $6.15 B
Jim Cramer predicts a rise in FANG stocks after yesterday's pullback.
Yesterday's pullback occurred due to sellers collecting profits.
The market needs to consolidate before it continues trading up.
Pullbacks are healthy. Netflix has been hitting higher highs.
I predict the upward trend continues today.
Please always do your own research.
This is not advice.
I'm here to learn.
Thoughts?
NFLX - Netflix and chill...further decline? NFLX - What a move!
Netflix, yesterday the earnings of NFLX were not so hot after all. Allowing us to chill further down to a deeper pullback. We are pattern wise - Bear flag. Measuring it, could lead us to that first hit of the red trend-line up. Now it's still within consolidation. However, if NFLX does breach towards upside the arrow is showing where it could head to. However, likely of deeper pull back may be due for NFLX - What goes up, must come down. We had a steep momentum of bulls in control. Will we have the bears heading in control for little while...?! Only time will tell but great support and resistance lines to indicate to us what we could see happening as well as patterns.
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Remember: It's just a trade idea, not recommendation.
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Netflix after earnings: a chartNetflix was down almost 15% after earnings. I quickly pulled up a chart to investigate. As you can see the stock was maybe "running ahead of itself." It went into earnings up 60% year-to-date. Most stocks don't return that in even a 5-year timeframe.
Regardless, as you can see, the price is about to near a crucial point that marks a lot of volume and trading (the shaded box). My guess is someone sold a lot in those levels and whoever bought might end up with the bag.
Let's find out though when the market opens shortly.
QQQ D1 update: 20%+ correction SOON(NEW/UPDATE)Why get subbed to to me on Tradingview?
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QQQ D1 update: 20%+ correction SOON(NEW/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Yes, I know, called that previously, and since then
we still pushed slightly higher. However, only producing
marginal highs since then. TSLA also gone parabolic
pushing Elon Musk's networth >70 BLN USD in process,
which is beyong ridic and just confirms that
we are now in irrational exuberance / late stage of
the bull market.
🔸 Summary and potential trade setup
::: QQQ daily hour chart review
::: fake V-shape recovery spells trouble
::: C1/C2 is 1.44/1.62 extension of AB swing
::: we are likely already maxed out
::: or got very limited upside from here
::: either way setting up for 20%+ correction
::: 3-5 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: get ready for 20%+ decline in QQQ
::: a lot of OPEN GAPS left behind
::: they will get filled soon
::: good luck traders
🔸 Supply/Demand Zones
::: 205/188/176 fresh demand zones
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
Netflix: More upside potential. $700 realistic before profit-takNFLX is trading on a long term Channel Up on the 1W chart (log scale) since early 2013. Despite being overbought (RSI = 79.335, MACD = 45.450, ADX = 45.358, CCI = 303.3862) with the earning approaching, Netflix has still room to grow before the next selling wave within the Channel takes place.
Both the LMACD and RSI are on levels where the price previously posted one last run to the Channel's Higher High, before it hit the Resistance Zone (red ray) and pulled back. We have a Target Zone for NFLX within 700 - 800.00.
It is beneficial to add here that these long-term projections on NFLX have been particularly useful to our strategy. See our previous trading call on this stock in September 2019 when the price was trading at $260. The price is now more than double and approaching our (then) target of $650:
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Netflix earnings are on the way... here's what I thinkNetflix reports earnings this week and it's going to be a really important report to the entire tech and media industry. Here's why:
1. We will find out just how much business the covid lockdown brought them from people staying home and in doors
2. We will find out how they are navigating the content creation lockdown and what that means for shows in the coming months and year
3. We will find out if Netflix is growing faster than its competitors like Disney, Hulu, and others if those companies are pressuring them at all
One thing I have noticed is that Netflix is up 75% year-to-date. Well done to those who have been long and are holding. My question, though, is what does Netflix have to report to meet these high rising expectations?