Nflxbuy
NFLX-BUY+The share is oversold, and it good levels to build-up longs.
The RSI is low, and so is the stochastic. The pattern has a type of continuation pattern, and this means we may attract lower levels.
Strategy is BUY $ 350-365 area and add on weakness $ 330-320-310. The correction may set in back towards $ 425-450 for the medium-term.
NFLX- BUY strategy - take profitFor new comers, NFLX has a buy strategy around $ 380-400 for now, and placing stop-loss $ 350 below is suggested. Profit order should be place somewhere $ 480-485.
For those already LONG, take profit $ 480-485 as well and move stop-loss higher to $ 398.
The bottoming formation looks good and we even have a GAP higher suggesting we had some interesting transaction in the background happening.
NFLX- BUY strategyThe sharp downward correction must correct. We currently have support $ 352 DC and a low RSI and a positive stochastic.
The gap also is over extended and we should fill it in the coming sessions. I suspect BUYING $ 350-380 for a corrective move $ 475 is feasible. The stop-loss if wished for, I feel below $ 330 for now.
NFLX- PLEASE BUY strategyI already updated in weekend. Of course, we need some humor looking at the market at the same time.
Considering the GAP due to bad earnings, it is quite obvious that we are extremely oversold. It is a no brainer to suggest BUYING, and of course trading is never for the faint-hearted.
PLEASE BUY LOL current $ 390-410 with profit target at a minimum $ 525 - 550. Stop-loss sorry I do not have due to the oversold nature of the share price. we can add below $ 370 again.
NFLX-BUY strategyGetting closer to stop loss below $ 500 and will change it.
Currently suggesting to add a BUY to the position as the RSI is way oversold, and I have not changed view for a corrective action in the near term. Adding current $ 510 and stop-loss moved below $ 475 for protection only, and not for getting stopped out.
The profit objective likely around $ 560-575 for now.
NFLX bullish divergenceThere is a bulliish divergence forming on the daily chart of NFLX. A higher low on the price chart and a loer low on the RSI. The resistance is at 626-633. When the price goes above 633 dollars, it is more likely to go up then down. And we might have a trend flip when we go above the 50 EMA.
$NFLXShares of Netflix (NASDAQ:NFLX) were up 4.8% as of 1:14 p.m EDT on Tuesday. The streaming media veteran saw a bullish earnings preview from analyst firm Cowen & Co., which included rosy results from Cowen's proprietary media viewership survey
In a third-quarter survey of 2,500 U.S. consumers, Cowen asked which media platform has the best video content right now.
Netflix led the pack with 28% of the vote, far ahead of YouTube's second-place tally of 15% and basic cable's third-place showing at 10%.
The "other" category, which includes social networks and various smaller video publishing platforms, added up to 13% of the vote.
Netflix was also found to be the leading service that consumers use most often for viewing videos, ahead of "other" platforms and basic cable.
This figure rose to 33% when zooming in on the important age group of 18- to 34-year-olds.
The stock reached another all-time high today, having posted a market-beating gain of 11% in the last three months.
Whether Netflix meets or misses Wall Street's expectations on Oct. 19, the stock is primed to make a big move on the news. Either way, Netflix remains one of my favorite stocks in the digital media space.
On the technical side of things Netflix is looking extremely bullish on the higher frames.
Breaking above previous resistance with a continuation up, I can’t see why this wouldn’t stop here.
It’s a little on the overbought side of things on the daily chart so could see slight pullbacks but overall should continue it’s way up.
MACD bullish.
RSI overbought.
Next point. $700
Watchlist this.
NFLX LONG Bullish trend of Netflix, started in April 2020, seems to continue after the breakout of the channel formed in the last months. RSI shows us that is not overbought or oversold and ADX is above 40 indicating a very strong trend. Entry price would be close to previous support formed after breakout. Moreover, support coincides with 50 % Fibonacci suggesting a probably inversion of retracement formed in these days.
BUY ENTRY: $ 566.84
TAKE PROFIT: $ 614.21
TAKE PROFIT 2: $ 668.84
STOP LOSS $ 539.91
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NOT FINANCIAL ADVICE
NFLX 1W Is the price of $860 per share real in the near future?Today, we will write down our expectations regarding the value of Netflix shares in the future, as well as a little bit tackle of the history of the company's development.
If you love reading business literature to inspire yourself for future achievements, then we strongly recommend that you read the story of "getting on your feet" once a small company Netflix that has been renting and selling VSH cassettes and DVDs by mail since 1997.
One year after founding, the owners stopped selling VSH and DVDs to focus on the initial idea of renting discs and cassettes.
Their entire history is based on the "super flexibility" of executives who sensed the future trend of their market and acted ahead of the curve.
Here's an example of how a small then Netflix beat the giant of their segment — Blockbuster
The heyday of Blockbuster dates back to 2004, when the company employed about 60 thousand people, and the company owned 9 thousand points of rent and stores. In the late 2000s, Blockbuster faced strong competition from online video service Netflix and filed for bankruptcy in 2010.
Meanwhile, Netflix has expanded its business since 2007 by introducing online media streaming, while not closing the DVD and Blu-ray rentals.
Since 2010, the company has expanded from the United States and expanded internationally.
And since 2013, Netflix has entered the industry of its own content with the debut of its first series.
Now, there are plenty of competitors to Netflix, and we all know them and use their services, but the price of NFLX shares confirms their strength in the market.
If you narrow the chart, you will see that the NFLX share price has been moving in a dynamic channel upward since 2004.
In 2012, the share price bounced off the lower boundary of the channel and t he $8 mark and began an upward trend that continues to this day.
In February-March 2020, when the entire market fell by 30-35%, or even more, NFLX shares fell in value only by -26%
However, the CoviD crisis was good for the company. Everyone sitted home and bought subscriptions to their services, and Netflix's stock doubled.
In fact, for the last 12 months, the price of NFLX shares has been in consolidation in the corridor of $475-575
Trading volumes are decreasing, which means that in the near future, the price will have a strong impulse.
There is a high probability that the momentum will be up , the price will break up and consolidate above $575 , and the next target from above will be $860 per NFLX share.
An alternative scenario is a fall in the NFLX price to the $275-325 zone. This scenario will activate when the price breaks and consolidates below $475 , and the first bell that it is worth refraining from longs will be the price approaching $500.
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?!
NFLX Long 4:1 R:RNFLX is at support, which has held a few times already.
Although the recent news about Pfizer's vaccine had a negative impact, the company did benefit from subscriber growth during the pandemic and is in overall a good spot.
I see this trade as worth taking, considering the R:R ratio but will nevertheless be cautious, as tech might continue to trend down heavily duo to the vaccine news.