NFLX - Potential Short Setup Here we are looking at NFLX on the Daily TF…
As you can see, Netflix has broken down from its previous macro support (blue), and retraced back to the scene of the crime. Currently, it is re-testing this very same previous support as newfound resistance.
While I can’t suggest how YOU should trade it, this certainly appears to me as a VERY strong short set up (not financial advice).
We will continue to monitor this chart and see how it reacts to this level. Stay tuned to make sure you don’t miss any timely updates…
What do you think will happen? Let us know in the comments!
Cheers!
NFLX trade ideas
NFLX Potential for Bullish Rise | 25th January 2023Looking at the Daily chart, my overall bias for NFLX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 332.72, where the 38.2% Fibonacci line is. Stop loss will be at 273.41, where the recent low is. Take profit will be at 472.02, where the overlap resistance and 61.8% Fibonacci line is.
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NFLX , a recovery theme leadership name . Not a short .Usually I only post on stuff I'm buying but I wanted to do a quick take on NFLX since I personally have seen quite a few bearish posts and chatter on it and I find that interesting since for me its one of the best names out of the large cap stocks right now and personally I think that shorting the leader is probably not a good course of action .
NFLX is actually not something I am allowed to trade, I only trade GLB names and ETF's that represent strong leading groups, at least at this time . BUT , NFLX was already in a stage two uptrend on Oct 22nd 2022 , currently NVDA is also in a stage 2 uptrend which only just happened but PYPL, GOOG, MSFT, AAPL, META, AMZN and TSLA are all either in Stage 1 or stage 4 and most of them in stage one could probably still be looked at by many as stage 4 still .
I see that technically NFLX did just break above its upper channel which 75% of the time is followed up by a fall after back to the lower channel trendline , so perhaps we may see this and there could be a reasonable short set up there but why ?
fact of the matter is that even if NFLX does revisit the channels lower trend line , even there, its still in a stage 2 , its also still way outperforming all the other large cap names mentioned .
Just my two cents , I'm wrong all the time but I am not wrong about NFLX being in a stage two on its daily ;)
NFLX - Short IdeaIt's been a long time since I last posted; however, I am back. Well as you guys can see on the 15-minute chart, NFLX is due for a pullback. It has pulled away since earnings and needs to retrace. 333$ is a bit greedy but I would set it as a PT and see how things go. Very close to that 70 on that RSI, and overall this chart is not a nice sight. Definitely needs to fill that huge gap, do be on the lookout for the market's performance as it could also just keep going because that's how NFLX behaves. Good luck tomorrow everyone.
Easy Buy on Netflix - Breakout of Ascending Channel !Netflix is currently down almost 50% from its all time high in Nov 2021.
Currently traded in an ascending channel since Oct 2022 and briefly broke out above with strong volume to close at 357.42 as of market close.
Now we look for some profit taking and pullback to retest the top of the channel
Buy zone is:
336 - 357
Take profit:
393
Now we have the 50 EMA crossing the 200 EMA, with the 100 EMA close behind. A cross of 100 EMA will signal stronger bullish momentum on Netflix stock, giving us more room for upside.
Money Flow has Peaked with price action on Weekly chart You don't got to like it or agree with it. But respect the money flow. Looking at the weekly chart, the Money Flow/AD has peaked with price Action. Previous bullish support likely to turn into resistances.. My target is $280, max pain near $212
$NFLX complex move, higher then lower (details inside)Even though $NFLX missed on earnings , it's rallying after hours today. The first target to the upside is $349ish. I think somewhere between $349-357, price will top, and we'll begin a bearish move down through early February targeting $292ish (the bottom of the structure). From there, I could see price bouncing higher (if that support holds) all the way up to $379-382. If it doesn't hold, then price would likely go to the next support at $215.
There will be two chances to go short. One at $349-357 down to $292. One at $379-382 (should we get it). If we do get to that upper resistance, that's where I think most of the money will be made, because if we get to that upper level, I think we're headed down to the lower supports at $144 or potentially $80 which should mark the bottom of the move.
Basically I'm broadly bullish for the next 1-2 months (with awareness that there will be a correction once price hits the first resistance). Then bearish from around March- April onwards until we hit $144-80. Once we get to those bottom levels, I think that will be a great buying opportunity.
Let's see how it all plays out.
Nflx- Be Careful-NFA-MOO (My OWN Opinion)Call me a cow bc this is My Own Opinion, (MOO) So if you lose money on this dont blame me. Now with that out of the way, Nflx has been trading in a range that looks to be breaking out on the daily but there is overhead resistance right above and I do not believe we will break through and if we do, I believe it will be a bull trap so my bias is to the shortside on this ticker as of now. On the Monthly chart, a H&S looks to be forming in the last stanges now as the right shoulder in in construction. If that pattern comes to fruition, the chart was a downside target of 95 USD at time of writing 1-22-2023
I do this as a hobby. I am no professional but I am a profitable trader, which is more than most can say. I have struggles alot, failed alot, blew up accounts, (Multiple) but I learn something new each time. I have not blew up an account for equities since the end of 2021 (knock on wood) and I am up over 275%. I have been thinking about teaching and possibly doing a chat room type thing. ( Most likely free) but invitation only. If you follow this account, Just waztch my calls and if you like them, give me a holler and maybe I will consider doing something like that.
Stay safe, Stay green. Good luck guys!
$NFLX - Netflix Bullish TradeGoing to back to the last Netflix chart added. Netflix was down over 50% from it's all time high. RSI hit oversold levels that it hadn't seen since 2011.
Stock price is back to levels it was in March 2018, before the surge in customers added during the pandemic and before it's most recent price hike in subscriptions. Netflix releasing an add based subscription at a discounted price. Dollar cost averaged way in to an average price of $251 a share. Current target $333 but may hold on for the long run.
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$NFLX Trying to Break above Horizontal ResistanceThe concept of polarity suggests that there will be resistance where there was support earlier last year on this weekly chart of Netflix.
The GoNoGo Trend indicator blends the foundational concepts of technical trend following to paint the price bar according to strength of trend. Currently we see that after rallying from the 2022 summer lows $NFLX is in a "Go" trend painting strong blue bars. GoNoGo Oscillator tells us that momentum is positive and so in the direction of the "Go" trend having recently found support at the objective zero level. We will watch to see if this gives price the push it needs to climb above the resistance we see on the chart and set a new high.
NFLX Netflix Options Ahead of EarningsIf you haven`t bought the dip:
I think now is the time to sell once again.
Looking at the NFLX Netflix options chain ahead of earnings , I would buy the $300 strike price Puts with
2023-1-20 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.