NFLX running within a contracting range & seems it will have a bullish breakout. It also had good insider buying recently. We think it will go up & our target is 110.70
Break of 98.87 will be trade confirmation. For trade we are looking for Oct 105 call, trading for $3.4 now.
You can check our detailed analysis on PAG in the trading room/ Executive summery link...
triangle final wave E completed, potential breakout in NFLX. Impulsive 5 wave movement to the upside IF this breaks higher with wave 5 target at 61.8% retracement
We have a nice short opportunity in NFLX, down for the day after rallying against Key Earnings resistance.
Stop loss should be 96.85, and aim for a 5 ATR drop from here.
Good luck!
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Apple earnings to be released after market today
Expectations:
1. 1.39EPS and $42.31bn Revenue
- I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income...
NFLX daily was in a coil that just broke south on their earnings announcement. This break created yet another gap among the other 3, with the most recent being from April 2016.
Sitting on support, just under resistance. Earnings are noted
Swiss cheese.
Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue.
A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red.
Down.
Unfortunately, the only underlying announcing earnings next week that has sufficient implied volatility to consider selling premium in is NFLX, with an implied volatility of 52%.
It announces earnings on Monday after market close, so look to put on a play some time on Monday, preferably right before the NY close.
Preliminarily (I'm checking this crap in off...
NASDAQ: NFLX took a massive hit today dropping currently around 14.00. As for the future of NFLX, there are two possible scenarios that could unfold. The first scenario involves the idea of NFLX falling to 80.23 by July 22nd, with a rebound back to 85.00. On the other hand, the second scenario involves the idea that NFLX will rebound by tomorrow and spike to...
NFLX appears to be setting up for a breakout to the upside and for good reason. Although Q2 is expected to be poor, the remaining quarters of the year is expected to be better. Multiple positive catalyst in development in the long run, and negative churning from small price increase ins subscribers at this point doesn't seem that much of a concern, since NFLX deal...
1. P, 79%
2. FCX, 76%
3. X, 75%
4. TWTR, 67%
5. STX, 57%
6. ABX, 56%
7. NFLX, 56%
8 GG, 53%
9. SLW, 52%
Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52...
The slide down continues for NFLX. I'm currently buying and selling threw-out the day but over all this is going down and hard. I suggest making your move away from this or long term shorting it.
NFLX had earning on 7/18 and looks like it may get caught between the 100 & 200 LTMA - The EMA are supporting the price and there in another level of support at 93.42. This aggressive and only want to sell these options if you really want to own NFLX.
