The price rejected 3 times the support area, becoming a strong trendline. MACD bullish. Gap to fill. Good risk/reward ratio. I've analyzed the bearish scenario too, just in case of breakout in the support line.
LONG THE MOST SHORTED TSLA & NETFLIX to make em puke money. Risk ON
Rejected at 110.5 rally Leaf pattern on the daily (3 consecutive lower lows and lower highs) S&P looking toppy back into 2000 level
retest and short. tp at the bottom trendline.
Between Summer and Fall of 2015, NFLX has created a double top pattern. There were two possible necklines, one near $93 (lows of September 2015) and another at $85.50 (low from the China induced August 24 2015 spike). The stock traded around the $93 level this week and it looked like the stock might just avoid breaking through the $85.50 low. However, the tech...
It's perfectly normal for Netflix to "correct" by over 50% from any peak. I'm expecting a lot of selling going forward. No fund manager wants a high beta stock like Netflix in his/her portfolio in this high risk environment. I've been short since 115 for this reason. I publish now because it's "chartible" since there's confirmation. Fundamentally, don't care too...
SYNOPSIS: Probable interim limited decline (i.e.: higher-low) at or along 2-4 Line (Point-4 remains unconfirmed). Longer term sees completion of geometry at Point-5. Consider Wolfe Wave if price reverses from Point-5 to 1-4 Line - If adverse excursion occurs along the 3-5-prime (5') Line, apply Geo's Off-Set Rule #3. Chart updates and technical notes...
we can Put it the eyes in this company because as we all know his aperecion in world will be a total Up in the services provided
There is a triangle formation ready to break out at H1 which allows us to enter with a very tight stop. LONG at 107.5 with SL at 104.81 TP levels are at 122, 127 and 150. RRR 1:24
Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'. Low risk entry into shorting the S&P here, down into the lows of August/October. Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past. No one...
The attached article cites bullish fundamentals due to overseas investments on the part of NFLX and that they really have no other good competitors at this point. On the technical side, we see that its really trying to break that level or resistance at 114.16 or so. Once it does that, its a relative vacuum area above so it should be smooth sailing at least until...
Netflix has been trading in a contracting range. Seems to be forming a wedge. We are currently at support and seem to be forming a double bottom which could signal a wedge breakout. Our first TP should be at the top of the wedge. If we do breakout our target would be around 103. GL
Netflix Inc. finished last week in the red, while leaning on its EMAs. The pattern suggest that the equity may attempt to test its 89.36 support level. Breaching 93.55 may suggest a pursuit of the bearish market, with 83.22 as an objective, with 89.86 as primary objective. Breaking through 102.79 suggests a rally towards 107.65 as primary objective. Breaching...
After the recent drops across the market NFLX is back at support at 101. Price rejected from this level in the last few hours of trading yesterday. Be cautious with risk management. On the daily charts price appears to have formed a head and shoulders pattern and if we break 101 we could see some accelerated selling pressure towards 90. We will wait until the...