NFLX trade ideas
NFLX engaged in long short competition NFLX engaged in long short competition
This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the bottom to top golden section of May 2022. As shown in the figure, Netflix's stock hit the strong pressure of 3.618 positions at the bottom of the chart against the golden section in mid July this year, and then fell back. In the past six weeks, it has been engaged in long short competition between the 2.618 and 3.000 positions at the bottom of the chart against the golden section! For a period of time in the future, just use the 2.618 level of the golden section at the bottom of the graph to determine the strength of the Naifei stock's long short divide!
Play Netflix on the break of the VWAP lower or upper band .I've been playing VWAP breaks on the upper and lower band on Netflix it's expensive but position size up for the reversal it's not much of a reversal but when you position size up and you're guaranteed to turn this money there it's Bang Bang money if you don't have it at risk don't play. I always leave runners though cause you never know pledge your own risk this is not financial advice
NFLX offers 15% - 20% ROI near termNetflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures.
From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months.
Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
$NFLX Head and Shoulders Pattern (H&S)?Back on July 31st I published an idea that NASDAQ:NFLX may be breaking out. Well, it did for just a bit but that failed. Fast forward to today, 8/21/2023 and it looks to me that we “may” have an H&S Pattern with a clear neckline as I see it. It dropped below that line last Thursday and looks to be ready to test it from the underside. If it can get up, over and hold above that line the pattern would be negated. A lot depends on market direction. My bet this time is that it will test and fall back. I have an alert set on that line and I’ll be ready to short if it fails. It is also below all shorter-term moving averages, bearish. All TBD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Netflix Bounce Trying To Reverse Hi Friends, Sharing daily time frame chart of Netflix which got a bounce from support now seems trying to go up so my trade idea is for go long after a break and close above resistance marked on chart. it's a very simple easy to understand chart based on Price action and on S/R levels.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
NFLX: Support and Resistance for short timeLooks like Netflix has very little room to run up and might correct very soon.
There is gap to be filled, if it fills now then it will be over extended and correction will be very fast.
NASDAQ:NFLX
NFLX- Where do you like to go ? NFLX 4hr chart??
No recommendation. Just for learning.
Open for suggestions.
Thanks
NFLX AnalysisSimilarly, price played out as analyzed last week. Right now, we have a buy-side liquidity grab. If price is heading for the bullish OB at 375.87, we should see a break of structure to the downside. I'm leaning towards the bearish scenario right now, instead of price going higher to fill the fair value gap at 459.25.
NFLX - Set for Weekly Bullish ?Hi Traders,
Tis is my analysis on NFLX weekly chart.
Not Recommended. Just for learning Purpose.
Open for suggestions.
Happy Trading!!!!!
Has Netflix Already Bottomed?Netflix has pulled back after a sharp rally, and now some trend followers may see potential for further gains.
The first pattern on today’s chart is the steady decline since earnings on July 19. That slide could be morphing into a successful A-B-C correction pattern.
Next, the second low (C) occurred near $400. That’s not only a “nice round number” where buyers may feel comfortable. It also represents a 50 percent retracement of the move from early May through mid-July.
Traders may watch for the streaming giant to hold roughly $400 (or make a slightly higher low) over the remainder of the summer lull. If it successfully does that, bulls could return heading into the next quarterly report on October. 13.
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#nflx still drop heavily if below 406$#nflx strongly rejected trendline at 430$ and can hold at support 412.5$
End of the day, #nflx closed at 406.87$ after tried push above 412.5$
if below 406$, next target 398$/390$
Resistance : 412.5$/426$
Retest After BreakthroughSince the (open) window on July 20th we are in a downtrend. One might have sold at the attempt to close the window on August 11th but I missed the chance. Now that we are testing the nice support at round 410 I think that we've got another chance now. May be this chance is even bigger than the previous.
NFLX-BUY strategy DailyThe share has also been a great mover, and after lofty heights, it has kind of settled at the low band of the price range. the GANN support @ $ 383 area will help to support a BUY suggestion. The stochastic is positive as well.
Strategy BUY @ 410-420 and place stop-loss below $ 375. Take profit @ $ 447 for now.
Even further down for Netflix? Could be so...NASDAQ:NFLX is one of the big names that has had a tremendous bull run the past year. But after touching $485 only just a month ago, and falling with the rest of tech on the most recent pullback, NFLX currently sits at $404.53 per share and looks to be on the verge of an even larger move down.
Here we see a head-n-shoulders pattern with the pattern already beginning to follow through. Not saying NFLX is doomed, but this is something to keep an eye on.
If the head-n-shoulder pattern plays out, look for a drop to $360ish.
Fail breakout now dippingPrice is forming a HS at the strong resistance, not confirmed yet but I prefer to pick it up early and tight SL. It may bounce off the neckline but it would be a dead cat bounce.
NFLX AnalysisPrice continued lower without filling the fair value gap at 459.25. Following the bearish order flow, I'm expecting price to continue lower, potentially to mitigate the bullish OB at 375.87 next.
NetFlix and CrashBig head and shoulders. Easy short trade, entry strategy is up to individual. Enough said.
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season.
Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.86.
This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target.
The RSI has plenty of downside room heading into the next several weeks heading into oversold territory.
Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes.
We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season.
Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.87. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target.
Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes.
We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
No, i dont $NFLX and chill.while you worrying about getting her to chill, netflix have a nice short set up to give you money to take her out because she tired of netflix . IF we break 428 we should go back to demand at 415, nothing complicated and dont chase price if you not early. we dont rebound at demand then next target will be 397.
