LONG NFLX 18.07After a few tests of the upper boundary of the volatility channel, the following position can be considered:
Entry: 441.58
SL: 439.55
TP: 451.92
NFLX trade ideas
NFLX - Rising Trend Channel [MID -TERM]🔹Strong rising trend channel in the medium long term.
🔹Between support 365 and resistance 480.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NFLX holding on, but for how long?NASDAQ:NFLX had a run after finally finding a way to stop and monetize password sharing via an ad-based subscription. Now, where does it go from here? In this content war, where companies are jockeying for the best scripts and distribution rights, NFLX still has a leg up being the first one with legacy viewers. NYSE:DIS has the most content, but it still faces a challenge balancing the profit of that segment compared to NFLX.
Bullish Case - The trendline is a little sharp, but it is still holding. The price is trapped against resistance but can retest 450 after breaking the 442.47 resistance. It looks like a scallop breakout, and this should stay on path. The worst-case scenario would be consolidation to gain support before the retest.
Bearish Case - A double top is ready to break down, yet bulls are still holding onto this weak trendline in hope. When we break down from 411.91, we can test 400. There's no way to consolidate because the measured move provides a better risk-to-reward ratio.
Conclusion - This is looking for support. It could find it, but the trendline is too far up. Playing it based on the breakout is the best way to trade here. Getting in early is a guessing game, let the chart be your guide.
Bullish above - 442.47
Bearish below - 411.91
NFLX AnalysisPrice failed to meet the final target at 458.48 last week. Price is showing signs of change of character here with an increase in volume. I'd expect price to make a UTAD this week according to the Wyckoff schematic to take out the final target and trapping the bulls before heading lower.
Bullish Elliot waves This could be a ABC and wave 2 in NFLX. If so, we should see a rally to break the last high now.
Stops under the would be C point.
NFLX Entry, Volume, Target, Stop, ResistanceWhen price clears: 379.43
With daily volume greater than 9.4M
Target: 452 area
Stop: Depending on your risk tolerance; 355.22 gets you 3/1 Risk/Reward.
Resistance: 396 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Bearish butterfly pattern. NFLX completed the bull move target.
Current action has shaped up in a butterfly pattern which may mean this was just a correction. We'd be in the PRZ of the butterfly now.
Wave Plot..Not suggesting to buy this now exactly in the short term but overall I think it does something like this - Trick in bull trends is to buy pullbacks.
NFLX to 437437 is a ressitance lvl that can act as a target profit
NFLX has moving down as a retrachment on a bullish trend.
NFLX AnalysisPrice consolidated as well since my last analysis. No changes in my expectations, I'm expecting price to continue higher to take out the clean highs at 458.48 before we see how price wants to head towards.
i.wish for a pullback to $350 before going up to $550TipRanks: Based on 35 Wall Street analysts offering 12 month price targets for Netflix in the last 3 months. The average price target is $411.74 with a high forecast of $535.00 and a low forecast of $250.00.
Expected Move: +/- $40
ATR: $13
Swing:
As long as 414 is its support, my short-term price target is $483.
Otherwise, NFLX may drop to $390 - $380.
Day-trading:
As long as $445.5 is its resistance, I'm expecting a drop to $430
Otherwise, my upside target is $450
Netflix: Are you still watching…? 👀Well, the question should rather be: “Are you still climbing?” Indeed, Netflix still has got some room left to expand wave 1 in turquoise further upwards, although the next top can be placed anytime now as well. As soon as this is done and dusted, the share should turn downwards to develop wave 2 in turquoise before the next stage of ascent can start. However, there is a 34% chance that Netflix could continue to climb higher than primarily anticipated. In that case, we would expect the share to already develop wave alt.3 in turquoise, meaning that wave alt.1 and alt.2 in turquoise would be finished by now.
Netflix about to run into a brick wallWe are the point now where NFLX is make or break. After completing the A wave awhile back we have been on a vertical stretch of gains in this B wave on the macro picture of this stock. I have put blue lines where resistance is and also Fibonacci retracement levels for the B wave and they are both in line to match up with a drop in Netflix coming. We will continue to keep an eye on this one.
Short NFLXNFLX currently trades at a 161 extension of the last bear trap. Commonly an important resistance level and rejection of this level can indicate the turn of trend.
Early to tell if this will hold or not yet, but good RR on the short here.
NFLX Share Price Hits Year HighSince the beginning of the year, the NFLX share price has risen by about 55% (for comparison, the S&P 500 index growth was 16% over the same period), and yesterday NFLX reached a price of USD 450 per share — the highest since the beginning of the year.
Bullish sentiment in the market was facilitated by news from analysts at Goldman Sachs, who upgraded the rating of NFLX shares and raised the target price of NFLX shares from USD 230 to USD 400 (9% lower than the current one). Isn't it too late? As a reminder, we pointed to the growth prospects of NFLX stock on October 10, 2022.
Strong demand for NFLX shares in 2023 is supported by the release of quality content, as well as opinions that the company has managed to regain subscribers and successfully resist password cracking.
However, there are certain threats to the NFLX stock, which looks very strong within the channel shown in blue:
→ the psychological level of USD 450 per share, which shows signs of resistance;
→ yesterday's high of the year candle looks uncertain due to the long upper shadow. It may turn into a false breakdown of the June high;
→ Fundamental factor: Netflix's Q2 report is expected on July 19. If the data disappoints investors, it could lead to a pullback in the NFLX stock price to the lower border of the blue channel, or even a bearish breakout.
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NFLX swing ideaNFLX has returned to a strong demand area on the 1h/4h charts. Price has created and completed a falling wedge into this demand area, in confluence with the fibonacci golden zone (50%-61.8%). This retracement comes after an uptrend break that began back on May 17th. Price either looking to make a double top by returning to the highs of the falling wedge or it could fail and continue downward.
Trade Idea: On Monday, June 26th, watch price pre-market for a hold of the current support between 422.56 and 423.59. If price falls below here, wait a reclaim of this level to resume the trade idea. A break and hold below the stop levels (416.67 - 417.78) invalidates this trade.
Targets: 428.95, 437.28, 442.52, 448.16
Stop: 416.67 - 417.78
NETFLIX: Sell conditions emerge. Bearish rest of Summer.Netflix is trading inside a Megaphone pattern since the May 2022 bottom and is approaching the formation's top. The 1D time frame is on green technicals (RSI = 68.406, MACD = 15.870, ADX = 40.286) but just 2-3 weeks ago it was massively overbought, showing that the massive bullish leg is getting exhausted.
Be ready to sell and buy back on the 0.382 Fibonacci (TP = 370.00). That will make a technical Megaphone bottom on the HL trendline while approaching or touching the 1D MA200. This is where we will buy again and target the 0.786 Fibonacci (TP = 585.00).
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NFLXNot sayin this move will happen this week or maybe this month.
But this is a chart to follow for sure.
NFLX ShortGAP down, trendlinebreak
Short Sell 320
Stop 34
Target 292, 250
292 was touched post market after earning 4/18/2023.
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NETFLIX LET'S WATCH Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Let's watch our movie here :D
As we can see price is still overall bullish from a long-term perspective trading inside this rising broadening wedge pattern.
However, price is approaching a massive resistance zone lining up with our upper bound of the channel acting as an Over-Bought zone!
Then as the price will be approaching our upper zone, we will be looking for new bearish correction movements
Meanwhile, as the price will be approaching our lower support zone, we will be looking for new bullish movement as a trend-following setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
NFLX AnalysisPrice did not play out according to my last analysis. Price filled the small fair value gap at 414.76 and proceeded to run higher. Given the current price action, price is likely to run the highs at 458.48 and fill the large fair value gap above.
NFLX TradeAfter the liquidity sweep and the filling and rejection of FVG we will see a return of prices to the demand zone it remains an idea
Opening (IRA): NFLX August 18th 345 Short Put... for a 3.75 credit.
Comments: 30-day IV of 47.9%. Selling premium in some high IV single name, with the caveat that earnings are on July 19th, so I'll be "playing through" and (continuing with the golfing theme) hoping to clear the water hazard. As with my broad market short puts, targeting the <16 delta strike paying around 1% of the strike price in credit, giving me room to be wrong.
I'm primarily doing this because broad market IV isn't exactly great here: IWM, 19.9%; QQQ, 19.5%, SPY, 13.0%.
