Netflix
$NFLX Ez SHORTEverything on the chart. Two scenarios but both short. After a local rebound, the fall will continue.
(yellow Scenario) If this a local correction our target area ~396$.
(red scenario) if this impulse our targets will lower on 383 and 372$. I would fix at least 50% of our profit when we come to the area 396$.
stop: 433$
Good luck guys.
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NETFLIX FORMING CUP & HANDLE FORMATION Hello community and welcome, thanks for the feedback and the messages, I really do appreciate them every damn time ;-)
Anyway, this is a short one on NETFLIX stock (nasdaq).
As you guys can see VOLUME is decreasing, divergence is unfolding and this beauty is forming a CUP & HANDLE.
For those who do not know what it is, I suggest to check it out on the internet or consider watching Videos/Charts I did about this formation.
Basically netflix has got strong fundamentals, almost acts like a monopole in its market, RSI is showing a strong divergence, options market might catapult it to ALL TIME HIGHS!
I expect the HANDLE soon, because the CUP has formed already, therefore a short term selloff to 320 might be possible, but any BUY IN in the ZONE might be a good trade for the longterm game.
Quarterly sales report was very positive though, looking forward, we might see a bright future for this stock especially when we overcome corona virus in the future, which has lead the markets to dip hard.
Recovery mode is activated already, so do not miss the train.
Much love, see you in the next one,
your quality trader
NFLX Asceding Triangle + Cypher Pattern (Possible Breakout?)MONTHLY CHART
As we can see in the monthly chart the price of Netflix forming an ascending triangle and before the ascending triangle there was a strong uptrend so i estimate that in some point in the future will be a breakout to the upside.
The ascending triangle is formed with the trend line that formed from 2018 and act as a support and the resistance line around 390$.
WEEKLY CHART
As we can see in the weekly chart we can see that there is a possibility of the creation of a cypher pattern that is an indication of a bullish movement in the future. To be valid the price has to reach around the resistance line and then fall at around 290$ and bounce back at the support trend line in the ascending triangle. Then i can think that the price it will bounce some fib levels of the CD retracements move sideways and lead to the breakout of the triangle.
DAILY CHART / BUTTERFLY PATTERNS
We can see the form of a bullish butterfly with the green that is completed and then the form of a bearish butterfly pattern that is yet to complete. Ultimately as the price fall and then retrace around in the D point close to support line. That is also a sign that validates the bullish cypher pattern because, the D point of the bearish butterfly is the C point of the cypher pattern. So as the price move to D point of the bearish butterfly it has to fall and it will fall and hopefully reach the trend line that acts as support line in the triangle.
DAILY CHART / HARMONIC PATTERNS
We see how this three patterns connection and how the three of them validate the prediction of the price move
With the orange line is a prediction of where the price will go in the future, just my opinion.
Netflix $NFLXEspecially this time of period, many people watch serials, movies and $NFLX is getting much more popular around the world. It has been consolidating since july 2018 and i think it is the best time to boost up. It seems forming "Ugly Double Bottoms". To make the pattern works needs to break $386.
"Netflix: on an adverse context, can it go to the ATH Zone?"4H Chart Explanation:
- Price bounced on the Weekly Ascending Trendline.
- Price is close to the next Resistance Zone.
- If it can break it, potential to move up towards the All-Time-Highs Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
NETFLIX (NFLX) TURMOIL'S BLOW TO STREAMING
while all equities are falling apart Netflix turned to be relatively stable.
but most likely this phenomenon is just temporary.
on a daily on Thursday we saw a retest of a key level and strong rejection with a consequent negative reaction on Friday.
I believe here we have a perfect opportunity to short the stock expecting a drop to lower structure levels.
first - retest of a current local low 298
and then to 255
good luck!
don't forget to support the idea with like and comment! thank you!
NETFLIX STOCK oppBased on wyckoff accumulation presented in price and new features launched by Netflix, it sees a good opportunity to invest in netlifx stocks. Also based on global conditions, including lockdowns, at the moment netlix has increased their stocks by 17%. Look for price action as given in the analysis and enter at own risk.
Let's see what happens in the next few weeks.