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!
NFLX trade ideas
M?Too soon to tell for sure but it does look like an M pattern is forming.
This pattern could take this down a notch or 2 or even 3.
Peak 2 will be higher than peak 1, which narrows down the choices in the harmonic pattern arena.
Earnings in January.
Short interest is around 2.78%.
No recommendation.
Predicting the future using the wolfe wave in Netflix?$NFLX The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. NFLX has been traded aggressively in long puts and has done extremely well using the wolfe on shorter time frames. Now there is a massive setup for a gap fill down to 249 before filling any of the gaps above. The gaps that are above 300 will likely fill on the next earnings run up mid December or early January 2023. Be cautious of any dump first week of January 2023, which we would consider as a buying opportunity into earnings. Markets will pump and then dump.
Last week, there is a daily wolfe wave setup that triggered on Nov 16. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is around 252 but keep in mind the gap is at 249. I hope all of you bank on this!
Wait for the bluelineThe power is in your hands investors so stand proudly and take back control. Keep the selling going to the Blue line and do not buy any more until they agree to terms. There's been no changes and everything has been the same for years. Need better quality of entertainment and up-to-date movies and TV shows. Waiting months and sometimes years for a listing of movies and TV shows that are old and not up to date or complete. It's not losing subscribers just because of the pandemic. It's losing subscribers because of simplicity and poor marketing. Outdated and needs an overhaul on features.
Don't lose your money investing in Netflix for a while
Netflix bearish continuationEarnings report
Subscriber loss
Overdue correction
Poor management
Cancelling Tv Shows
Now Netflix new plan to generate more revenue is AD-supported low cost subscription plan.
Now read the fine print on the plan. No download support and limited views of new releases.
How is this a plan to generate more revenue and bring subscribers back.
Who at Netflix comes up with these plans.
Other streaming services prices are going up due to rising costs but they are also
adding more content to meet the demand of subscribers.
I am going to leave this post here for you out there to decide.
Overspending and trying to maintain inflation profits is how companies
start to fail.