NFLXCL trade ideas
Netflix earnings after the bellNFLX Q4 December 2022 earnings are today 1/19 at 4pm. Netflix (NFLX) reported Q3 September 2022 earnings of $3.10 per share on revenue of $7.9 billion. The consensus earnings estimate was $2.11 per share on revenue of $7.8 billion. Revenue grew 5.9% on a year-over-year basis. The company said it expects Q4 earnings of approximately $0.36 per share on revenue of approximately $7.78 billion. NFLX technicals are bearish currently and it's options data is slightly bearish from neutral. I wouldn't be surprised if there's a muted downside move resulting in an IV crush for options premium tomorrow morning. Then again it can also be hedging from memory of its April 19th post market crash. It's basically a crap shoot until earnings are publicly released. Here's levels on the 1 day chart:
4th Quarter December 2022 Consensus:
EPS = $0.46
Revenue = $7.82 B
SMA200 = $245
VWMA 20 TTCATR(beta):
top = $358
R3 = $346
R2 = $334
R1 = $321
pivot = $309
S1 = $297
S2 = $284
S3 = $272
bottom = $260
1/20/23 expiry options data:
Put Volume Total 82,702
Call Volume Total 68,085
Put/Call Volume Ratio 1.21
Put Open Interest Total 284,116
Call Open Interest Total 268,671
Put/Call Open Interest Ratio 1.06
2/17/23 expiry options data:
Put Volume Total 11,401
Call Volume Total 8,160
Put/Call Volume Ratio 1.40
Put Open Interest Total 50,491
Call Open Interest Total 40,584
Put/Call Open Interest Ratio 1.24
SELL NETFLIX- At multi year POC, got rejected from Fib 0.382 , touched and rejected from bearish trend line.
These 3 factors, specialty the POC level, giving me (for my opinion :) ) very good opportunity to short with very good R:R.
My TP is the lower trend line of the correction channel which is also Fib 0.236.
Good Luck.
Long the 76 retracement.NFLX broke the simple retracement levels for a bear trend in the last rally. It's been on the slide of late, but it's slide into the 76 now which is where we'd tend to see buyers coming in if that last move was legit. Really high RR op here. Stops can be really tight under the 86 fib.
NETFLIX (NFLX) NEXT BUBBLE BURST ?NASDAQ:NFLX
HI TRADER'S , AFTER FUNDAMENTAL AND TECHNICAL ANALYSIS
I Came to a conclusion , That netflix is overbought , And price is making a huge Bubble
According to price action , market is not stable and RUG PULL can happen anytime soon
I would enter short entries and will target minimum 220$ Major support area
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MACD Signal for Long in NFLX with MA50MACD line crosses over signal line below base line (around -10) indicating possible reversion of downfall price that breaks MA50 upwards with separation of MACD and signal lines, possible entry in long and indicating strong momentum, which in times loses some strength, but never touches MA50, until it breaks downward with a previous MACD/signal line crossover at around 12.5, suggesting closing the position.
"Possible" Bullish MoveVolume is not where I like it and the market is kind of slow right now, but aside from that the moving averages are starting to line up. There's a cup and handle pattern combined with a possible trendline break and NFLX appears as if it is trying to break away from a previous consolidation area.
Look for price to cross the trendline and break above the 200 MA on volume.
Also worth mentioning, VIX is below 20 and the market appears as if it could potentially rally.
For these reasons, I have it marked as to watch closely and wait for further clues for entry. I believe the move can range from $3 to $4 but who knows... this is merely an assumption.