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NFLX trade ideas

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. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation
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.
NASDAQ:NFLXShort
by Flinttrades
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.
NASDAQ:NFLXShort
by MinerChad
1
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.
NASDAQ:NFLXShort
by MinerChad
1
A Possible Head & Shoulders!A head and shoulders pattern is a technical analysis chart pattern that is formed by three peaks, with the middle peak being the highest. The two outer peaks are called the shoulders, and the middle peak is called the head. The pattern is considered to be a bearish reversal pattern, meaning that it signals a change from an uptrend to a downtrend. The head and shoulders pattern is formed when buyers are initially successful in pushing the price of an asset higher, but their enthusiasm eventually wanes. The left shoulder is formed when buyers are unable to sustain the uptrend and the price falls back to a support level. The head forms when buyers attempt to push the price higher again, but they are only able to reach a slightly higher level than the left shoulder. The right shoulder forms when buyers once again fail to sustain the uptrend and the price falls back to the support level. Once the price breaks below the neckline, which is the line connecting the lowest points of the two shoulders, it is considered a valid head and shoulders pattern. This signals that the uptrend is over and that a downtrend is likely to begin. The head and shoulders pattern is considered to be one of the most reliable reversal patterns in technical analysis. However, it is important to remember that no pattern is perfect and there will always be exceptions. It is always a good idea to use other technical indicators and fundamental analysis to confirm the validity of a head and shoulders pattern before making a trading decision. Here are some tips for trading the head and shoulders pattern: Wait for the price to break below the neckline before entering a short position. Set your stop loss order above the right shoulder. Use a trailing stop loss to move your stop loss in as the price moves in your favor.
NASDAQ:NFLXShort
by Moshkelgosha
Netflix to breakdown?Netflix - 30d expiry - We look to Sell a break of 410.77 (stop at 430.77) We are trading at overbought extremes. 485 has been pivotal. Prices have reacted from 485. Short term bias has turned negative. Short term momentum is bearish. 411.50 has been pivotal. A break of the recent low at 411.50 should result in a further move lower. The bias is to break to the downside. Our profit targets will be 360.77 and 350.77 Resistance: 430.00 / 445.00 / 455.00 Support: 411.50 / 390.00 / 370.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NASDAQ:NFLXShort
by VantageMarkets
NFLX head and shoulders daily?watching netflix over the last few weeks/months, seems to be making a clear head and shoulders move downward, and it would be enhanced by disney/hulu initiating the password sharing and limiting customers that were only paying for one or the other, the user pool was probably diluted from the password sharing as a majority of people dont want ads or pay extra premium.... just my thoughts, short term i am looking down but netflix is well established long term
NASDAQ:NFLXShort
by kamoda112
Netflix Ventures into Video Game Streaming: A Game-Changer in th Introduction: We are calling all savvy traders! Brace yourselves for a groundbreaking announcement that has the potential to reshape the entertainment industry as we know it. Netflix, the streaming giant that has revolutionized the way we consume movies and TV shows, is now stepping into the realm of video game streaming. This exciting move will diversify Netflix's offerings and open up a world of opportunities for the company and its loyal subscribers. The Game-Changing Leap: Netflix's decision to enter the video game streaming market signifies a strategic shift that promises to captivate gamers and entertainment enthusiasts. With a vast user base of over 200 million subscribers worldwide, the platform's foray into gaming is poised to disrupt the industry and create a new era of immersive entertainment experiences. Why This Matters: By expanding its services to include video game streaming, Netflix is tapping into a multi-billion-dollar market, further solidifying its dominant force in the entertainment industry. This move diversifies their revenue streams and enhances their competitive edge, enticing new subscribers and keeping existing ones engaged for extended periods. The Netflix Advantage: What sets Netflix apart from traditional gaming platforms is its ability to leverage its vast content library and recommendation algorithms to curate personalized gaming experiences. Imagine a world where Netflix recommends movies and TV shows and suggests video games tailored to your preferences. This integration of gaming into their existing ecosystem creates a seamless and immersive user experience, making Netflix an all-in-one entertainment hub. The Call-to-Action: As traders, it's crucial to recognize the immense potential that Netflix's entry into video game streaming brings. This exciting move will drive the company's growth and create new investment opportunities. By diversifying its offerings, Netflix is positioning itself for long-term success and continued innovation. So, don't miss out on this game-changing opportunity! Keep a close eye on Netflix's journey into video game streaming and consider adding it to your investment portfolio. Stay informed, analyze the market trends, and seize the potential rewards that lie ahead as Netflix continues to redefine the boundaries of entertainment. Conclusion: Netflix's decision to venture into video game streaming is a bold and exciting move that has the potential to revolutionize the entertainment landscape. By diversifying their offerings, the streaming giant is primed to captivate a broader audience, enhance user engagement, and create new avenues for growth. As traders, it's essential to recognize the significance of this move and stay ahead of the curve. So, gear up for a thrilling ride as Netflix transforms the way we play and stream, and seize the opportunity to long Netflix as they embark on this exhilarating journey into the world of video game streaming.
NASDAQ:NFLXLong
by bryandowningqln