Netflix is goin up to $764 with the trend traders favourite toolRegression Channel (Trend traders)
This is a channel that picks up the support and resistance of any trend.
Clearly the trend is up, and the contination trend's momentum is strong.
We can expect Netflix to rally further.
Nature: High Probability
Price>20
Price>200
Target $764.80
NFLXCL trade ideas
Netflix Descending Triangle BreakoutThank you everybody for dropping in on this trade idea setup in Netflix. Bullish descending triangle continuation pattern developing here looking like it's about to burst for next week or maybe this Friday as long as the market keeps going up. I want to make sure that I'm getting into these mega cap stocks because that seems to be the only thing that's really on an uptrend and making plays that are multi day uptrends. Another stock I'm looking at is Amazon because it seems to be basing out but I want to wait a little bit until after I get into Netflix before I jump into any other trades since I have a good amount of position size already allocated in my entire portfolio.
NetflixPrice has formed similar ascending triangle. 660 - 664 is acting as near by support.
Buy above 676 with the stop loss of 672 for the targets 680, 684, 688 and 692.
Sell below 668 with the stop loss of 672 for the targets 664, 660, 656 and 652.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NetflixNearby support is 660 and resistance is 680. Price can move within this range till it gains strength.
Also the price is forming rounding bottom or triangle and trying to move up.
Buy above 674 with the stop loss of 669 for the targets 679, 684 and 689.
Sell below 658 with the stop loss of 663 for the targets 653, 649 and 642.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NFLX Megaphone + Ascending WedgeI've been watching NFLX closely lately and it has some bearish breaks, but so far has been able to recover without much damage and it's back near ATH. It has a huge megaphone pattern that was broken to the downside, not as relevant anymore, but it does show some potential volatility. Now we have an ascending wedge that is near the breaking point. Could be a steep cliff to fall off of.
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
NFLX Ascending Wedge BreakNFLX broke below an ascending wedge, so I'm looking for a move down to a previous area of support that was also an important resistance level in the past. There will also be trendline support in that area, so it could be a great long. If it breaks to the downside, that could leak to a quick flush.
NETFLIX Retesting All-Time-High! Sell!
Hello,Traders!
NETFLIX is trading in a
Strong uptrend but the
Stocks is now retesting
An all-time-high horizontal
Resistance level around 700$
From where we will be
Expecting a local bearish
Correction because the
Stocks is locally overbought
Sell!
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NFLX - Bullish NetflixNetflix is within this expanding structure looking to continue climbing
I expect a retest of the dashed white support line and then continuation up towards the top of this structure where I have point price labels.
Bars pattern is just an example of how this could occur.
Daily chart for NFLX
Netflix is at a crossroads.Netflix looks like it's forming a cup-and-handle pattern.
But there's a mixture of positive and negative elements here.
pros:
The cup base is not deep (-16%)
Handle is not deep (-6%)
a period of only nine weeks.
a winner of the OTT market.
cons:
Stock trading volume is continuously falling.
(Transaction volume had to rise significantly, at least just before making the handle.)
The position of the handle higher than the cup.
A steep decline in revenue/EPS growth estimates.
Buy if the stock breaks out $664.25 with a strong volume.
But if not, I recommend not buying even if the stock breaks out. It may be temporary.
Incomplete Bullish Elliott Wave Sequence in Netflix (NFLX) ArgueShort Term Elliott Wave in Netflix (NFLX) shows incomplete bullish sequence from 4.22.2024 low favoring further upside. Rally from 4.22.2024 low is unfolding as an impulse Elliott Wave structure. Up from there, wave (1) ended at 664.25 and pullback in wave (2) ended at 626.44. The stock extended higher in wave (3) with internal subdivision as an impulse in lesser degree. Up from wave (2), wave ((i)) ended at 635.83 and wave ((ii)) pullback ended at 628.25. The stock extended higher in wave ((iii)) towards 651.25 and wave ((iv)) ended at 644.06. Wave ((v)) higher ended at 657.99 which completed wave 1 in higher degree.
Pullback in wave 2 ended at 635.61 with internal subdivision as a double three Elliott Wave structure. Down from wave 2, wave ((w)) ended at 642.64 and wave ((x)) ended at 649.93. Wave ((y)) lower ended at 635.61 which completed wave 2. Wave 3 is currently in progress. Up from wave 2, wave ((i)) ended at 656 and pullback in wave ((ii)) ended at 642.35. Rally in wave ((iii)) ended at 694.39 and pullback in wave ((iv)) ended at 673.72. Near term, as far as pivot at 635.6 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
NFLX Has Pullback Opportunity Setting Up. Is It Worth It?NFLX has be grinding higher with gorgeous pullbacks for a llllloooooonnnnnnngggggg time now. In this idea, I explain my thought behind this particular pullback and suggest a possible alternative. I don't think this setup is worth taking unless market dynamics change.
Top 3 Stocks To Watch Today! Now i had to do a quick video for you because am so much encouraged by the likes you have been giving me for this content and so i want to share more with you how simple the rocket boost strategy is.
So in this video i share with you the top 3 stocks on my watch-list before the market opens now their many more stocks for me to share with you
but i feel these are the major ones
also take note of the break news you will see at the end of the video
What is the catalyst that has caused NETFLIX to pump up? watch this video again to learn more about this #1 catalyst
Disclaimer:Trading is risky you will lose money from it please learn risk management and profit taking strategies.
NFLX - Will NFLX drop to $500 and fill gap?NFLX - Netflix is looking like it will drop to near $500 and fill the previous price GAP. If this happens price will be about 40% away from all-time highs. This could be a much greater move when using Call Options. What are your thoughts on Netflix at this point?
#NETFLIX Could rip faces in a Reactionary RALLYAfter getting destroyed and dropping like a #Crypto
The chart has showed relative strength
and formed a Bullish CUP & HANDLE
Some stocks will probably not survive these market conditions in the next couple years, which is healthy
So look for signs of strength vs the broader market