Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend...
Long from $115-116 would be a third swing low price area to anticipate. The previous two biggest swings offered earlier this year on the daily chart ended up being reversals on about 10% corrections. If the same happens again it could also be around the green 20 period EMA.
Front running a reversal on oversold market conditions today would be a bounce off of the...
This would be a classic stock split play on a momo stock. I think if the markets work after this correction and turn back up then NFLX can run back to the 680 levels prior to the split, if not before they will most likely sell off after and then start back up heading for the high of the split day...that breakout would be a buy point if not in. I will watch for a...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
NFLX accelerated the rally from a 3-week bull flag breakout to target 649.01 next (as shown on the weekly chart). Above would open 679.08 ahead of 803.89 (projections). The 575.00/552.26 (April 17 high/May 1 low, 2015) range should serve as support on pullbacks.
Outlook:
Short term: bullish
Long term: bullish
Bullish on the long term cycle - Price above 200day EMA. Just had a 20 day selloff. Good long entry if neutral and good hold if long. Same for Apple, Netflix, Google, and all the other big tech stocks.
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Consider the market trend to be Eigenjesus, or at least the concurrence of several of his high eigenpriests. It serves not only as an...
After gapping up on good news NFLX put in a shooting star on increased volume. The MACD cross over and inability to put in a new high despite consolidating inside the Bollinger Bands could be a sign that all the buyers are in and there is a possible pullback coming. A break of the upper resistance line would be a no trade for me due to the previous...
Netflix made a big breakout from more than 8 months rectangle - congestion range. Such breakouts are usually wonderful as the risk is easy to set. One can place stop below the low of the breakout bar and the take profit is the distance of the highest high of the rectangle and the lowest low of it. The only bad thing here is how fast its coming, so the take profit...
On NFLX - Newsome thinks this gap is very similar to Google 10/2013.
The one small difference is the large run up and gaps before NFLX gapped up. Therefore, in a month or so, when the daily EMA's catch up, buy the bounce. NFLX is headed into the $600's. There's nothing stopping it.
NFLX is a gap and go - broke out of resistance / distribution phase.
Analysis...
This is a WEEKLY chart of NFLX.
Did you realize that Netflix was in a range? You may not have if you didn't step back and look at a Weekly (or longer) chart. It is amazing to me how things seem so much clearer when you step back and look at the big picture.
NFLX has been in this range since late 2013. Since then, when the stock comes down to the $320 area, it...
#NFLX #NETFLIX Short Idea (Head & Shoulders/Triple Top)
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Look out below.. looks like it's going lower, especially with that nice mini bearish flag building right after the initial breakdown.
The weekly chart is just starting to roll over with plenty of room for a down move.
Good luck!
NFLX continued trying to recover from its Monday plunge yesterday, but my expectation continues to be that NFLX resume its downward trend once this current bottoming attempt tires out. NFLX is currently struggling to stay above the steeper of the two uptrend lines drawn, with increasing downward momentum likely dragging NFLX towards the more prominent longer term...
After a failed breakout of the primary C & H pattern yesterday and a fade today, $NFLX bounced off $443 late day and continued up again into the close, perhaps anticipating a retest of of that heavy top around $455 later in the week.
What today's price action also put together was a double C & H pattern, that is almost an exact time/scale mirror of the pattern...
The macro environment has created a number of buying opportunities, and NFLX is shaping up to be one of the best.
There's a lot to be bullish about long term, but immediately there's pricing action, volume accumulation, and MACD.
Pricing shows that the dip double bottomed, and while it's true a conservative investor would wait for it to clear the ~$435 range,...
