Going Long on Netflix - Strong Trend Line Long on Netflix. Stop loss lower than previous higher low and take profit upto fib retracement. ABCD Pattern shows potential target
NFLX trade ideas
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post.
Cheers!!
Trade safe have fun!
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NETFLIX 1D Golden Cross historically shows fast recovery.Netflix (NFLX) completed last week the Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). By doing so it closed yesterday above the 1W MA50 (red trend-line) for the first time since January 06 2022, practically when its Bear Market was confirmed.
Since it started trading, NFLX has had a 1D Golden Cross pattern while below the 1W MA50 another three times (October 07 2016, December 17 2012 and June 02 2005). On all cases, the price recovered at least the 0.786 Fibonacci, very fast. During 2016/17 it recovered the previous High in just 94 days since the 1D Golden Cross formation. In 2012/13 it recovered the previous high in 264 days, while in 2004/05 it recovered the 0.786 Fib in 200 days.
The worst case scenario of 2004/05 would have Netflix hit $511 by June 08 2023. Do you agree? Which of the 3 scenarios do you think is more likely to happen?
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NFLX: GAP FILL PLAY AND POTENTIAL CUP N HANDLENFLX has lost 76% from its November highs to its July lows.
Looking at the chart from a purely technical point of view, here is what I see:
- the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428.
- There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331. To play the gap fill I' d wait for the price to break $250.
- A cup and handle is forming with a target between $331 and $366. However the pattern will only be confirmed should we break $250.
I'm neutral now, but I'm watching the stock closely. A break of $250 would trigger a long entry with a stop at 240.
Keep it on your watch list.
Trade safe.
$NFLX Daily Time frame idea.$NFLX on daily time frameshows some bullish sign. The price need to fill the previous "GAP" which at $332. The price will expected to go upward if fundi show some good data in order to fill the previous gap.
Recap : Quicktrade 193 : NFLXThe price triggered the bullish level and moved to target and even higher.
Max Drawdown 0%
Top Performance +4.5%
Going Long on NFLX!The stock shows strong support by bullish parallel channel as well as confluence of a bounce back from C retracement arm of ABCD harmonics pattern.
The buy time is just right, and buyers should aim high to 336 price.
Mean Reversion Strategy with High Win Rate on NFLXThis is a mean reversion strategy which was developed and analyzed for over a year. It has proven to be profitable and has high win rate over 300+ stocks listed with S&P500 index. The strategy works by determining if a stock is in an uptrend and identifying highly probable long entry points within the trend.
NFLX AnalysisPrice is playing out as analyzed last week. We do see volume picking up at the bottom of this down move. My expectations are unchanged, expecting price to mitigate the bullish POI at 266.08 before going higher.
$NFLX next target $148$NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range.
However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support area and take out the previous lows ~$170ish before bottoming in the $148 region. Let's see how it plays out.
NETFLIX $360+Looking at the daily chart of NFLX we see the Ichimoku Cloud is showing us signs of an uptrend. As price is above the cloud we can see the green is on top of the cloud and the red is now on the bottom. For NFLX to continue this trend we need to see it bounce of the green lines of the cloud... As we did not hold the red line (Kijun sen)... It is now expected for NFLX to fall to the next support level which the green line of the cloud acting as support.
NFLX Could Retest 200 MAThe overall market looks bearish and from the chart, it looks like it will retest 200MA at ~$260
NFLX ShortIn downtrend, bounce back to Supply Zone
Trendline break
Earning 7/18/2022 Estimate 3.00
Short 196
Stop 208
Target 130
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.
NFLX Time To Buyafter the rejection of the price at the level of the golden zone of the Fibonacci between 50 and 61 with an engufling candle we will see an increase in the price
NFLX Put, Dec 2nd or further out; waiting for the break of $280Waiting for NFLX to break below $275~$280 for possible put option. Downward divergence (candles made higher high, STOCH RSI made lower high) + Resistance found around $295~
12/9 Expiration, Short Iron Condor Idea
+1 $330 call 12/9
-1 $325 call 12/9
-- --
-1 $250 put 12/9
+1 $245 put 12/9
Credit TBD. I will update if I get a fill tomorrow 11/25. The plan is to try for $75 credit and go from there (looking for something along the lines of 6:1 risk:reward).
High risk, low reward trade.
NFLX AnalysisPrice played out nicely respecting all the bullish POI as per my previous analyses. Following the order flow, I'm expecting price to mitigate the bullish POI at 266.08 before continuing higher.
NFLX (Going Long Here)Out of my short currently, wont be trading any more this week due to family and thankgiving. I hope your puts treated you well. Will be entering long here due to the cross i could see about 298. Lets see. Safe trading as always. Happy Thanksgiving.
NFLX Long positionAs per my analysis NFLX is making HH and HL we can take an entry from here until next Resistance
Buying NFLX break higher.Netflix - 30d expiry - We look to Buy a break of 306.01 (stop at 279.87)
Short term momentum is bullish.
Short term RSI has turned positive.
A break of the recent high at 305.52 should result in a further move higher.
305.52 has been pivotal.
In our opinion this stock is undervalued.
Our outlook is bullish.
Our profit targets will be 368.68 and 378.68
Resistance: 306 / 330 / 370
Support: 290 / 280 / 252
Disclaimer – Saxo Bank Group.
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My #NFLX Analysis (Levels)Still Neutral on NFLX, Going to see what it does today for possible either way. Let me know your thoughts on NFLX.
Past Performance says more redHey Guys, another update on my short. I am still short, quite so, don't have any aspiration to exit yet. As you can see, we are falling. Very much so at quite a fast pace. My main pt is 260 which can only be achieved if we break the dotted red trend line. Safe trading to all!
