Nflxlong
$NFLX. $600 per stock is the real.I like this movie company, best movies here, btw did you see the very well filmed "Murder Mystery"? Adam Sandler, Jennifer Aniston and NetFlix, thank to you! I recommend you to see this movie. As well, Irishman 2019 (Martin Scorsese) is coming this year... Oh I feel that NFLX will be the biggest movie company within 5 years. I'm very bullish.
Time frame: 1 Month
Resistance:
~ Upper bound of the channel
~ $400
Support:
~ Lower bound of the channel
~ EMA support lines
Enter/Buy: every time when the price touches the lower bound of the channel. (~ $310 nice price for this summer)
Stop Loss ~ $270
TP long ~ $600 or higher
TP short ~ everytime when the price trades above the upper bound of the channel.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
Netflix Stock Analysis:Bulls Cannot be Stopped...Netflix’s stock analysis for today is examined using a 6 hour timeframe. Attention is paid in particular ~6 months of market action from a high of $419.75 July 18, 2018 to current date.
Retracement in the bullish trend from $419.75 up to ~$232.19 saw the price of Netflix break below not only its long term bullish trendline, but also below the bearish channel as indicated on the chart...both of which indicate further downside potential.
Price between $249.18 and $227.87 where a rising window does exist however did provide a floor for the price of Netflix which was followed by the current bullish swing.
Termination of bearish momentum and also recovery of price above its major trendline and also breaking above the upper boundary of the bearish channel currently both imply higher prices with the minimum price expectation for Netflix being the high made on July 18, 2018 of ~$419.75.
A pull back in price to either the upper boundary of the Bearish channel or a retest of the bullish trendline is plausible after which prices should continue higher.
OMFG - Shorting NFLX Ruins Weekends for BearsOk, so GS ramps its NFLX price target and I think shorting NFLX pre-market (while on the toilet) because its up 3% is a good idea. Add to the short at $291, even better. This SOB is moving up and if it blows the next Fib resistance at $302.50, probably not a ton of resistance until the next 10% at $335-$340ish. Frankly, I wouldn't be surprised if we got there in the run up to earnings.
So I'm bagholding NFLX on the short side so that every single waking minute of my weekend can be spent contemplating what a moron I am. Should be fun. Longer term, I believe in the trade. This is a heavily indebted media company with an eye popping multiple that AAPL isn't buying because AAPL is a prude when it comes to content. Nevertheless, I have to see this ill-timed trade every time I log into my account eating up my YTD gains for the foreseeable.
Thankfully, for those who saw my morning chart, I pointed out the danger here and hopefully prevented a few bears from getting trapped in this pain trade from hell.
Lesson: Even big cap stocks that pop 5% premarket on BS research can close 10% higher.
Follow Up - WTF is up with NFLX - GS Upgrade RampSo NFLX was ripping yesterday, somehow immune to price drops despite my shorting of a massive 1k shares:). Why? Goldman upgrades them this morning with a $400 price target because why the hell not upgrade a company when the PE falls below 100!
Today's morning gap lines up with recent resistance around $281 and while sitting on the toilet I took a semi-fun size 500 share short to play at least a partial gap fill but mainly because I hate myself and want to put on a bad trade with this POS to ruin my weekend.
As I said before, NFLX warrants caution here because people think its immune to the trade war so it could run up into earnings. Nevertheless, this is a dog and it will eventually go full bitcoin because its just a media company trading with a multiple 5X Disney which is a real diversified entertainment company with better assets.
Careful trading today. Powell up at 10:15.
WTF is up with NFLX todayAnyone trying to short NFLX today is bitter as hell based on the fact this ticking time bomb of a bubble refused to give up gains today. Someone is clearly buying shares and there are a ton of shorts that can be squeezed. Nevertheless, the 61% Fib from 2018 kept it from breaking out. I'd be cautious here on the short side because if the market face rips higher, this overpriced dog will easily rip 1.5 or 2X the Nasdaq. My advice, let this bad boy run up and short it to death ahead of earnings.
NFLX Approaching Support, Potential Bounce! NFLX is approaching our first support at 205.72 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.34 (horizontal pullback resistance, 23.6% fibonacci retracement, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
NFLX - Netflix stretchedBesides many indications I have not drawn in, I see that price is stretched like CL (see link).
Here at the WL (Warning Line) the air is very thin to dive deeper. I think the crew first needs a breather and grab some air.
Therefore I see a high potential for a turn. Even a spurt up to the L-MLH would not surprise me.
P!
Beat NFLX easily.it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.