NFLX trade ideas
NFLXHELLO GUYS THIS MY IDEA 💡ABOUT NFLX is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Netflix trend reversal is just around the cornerDuration: 2-3 months
Target: $260
Potential of the idea: 19%
Stop order: $209
Technical analysis
The stock price is approaching the local support line. It is an idea to buy the stock with the target price of $260. With a 10% position volume and a stop order at $209, the risk on the portfolio will be 0.43%. The profit/risk ratio is 4.43.
Fundamental analysis
Netflix , Inc. - the U.S. company that owns the streaming movie and TV series service of the same name. The company announced that starting Nov. 1 it will launch a cheaper subscription option in several countries (U.S., Canada, U.K., France and Germany) for $7-9 per month. The move will help expand its user base and increase customer retention rates.
If you're not ready to invest on your own yet, we recommend that you carefully study the Sirius Brokerage House website, read and familiarize yourself with all the information.
Netflix breaking down? Netflix
Short Term
We look to Sell at 220.83 (stop at 236.96)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for losses to be extended today. The medium term bias remains bearish.
Our profit targets will be 170.19 and 164.87
Resistance: 248.70 / 329.82 / 333.22
Support: 207.41 / 169.70 / 164.28
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
#NFLX and chill or thrill? Short ideaHello dear Traders,
Here is my idea for #NFLX
Price closed on daily chart below yellow trigger line (previous month low) - Trade active.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
NETFLIX SHORT Netflix has gaped down and broken two areas of support and has it's next major support in the $120-$130 region which is labeled in green. Netflix has also formed a descending broadening wedge in the daily time frame and as rejected from its upper trend line.
Current play strike $210 puts Expiring 10/21
Short NFLX @ 218.74 Fractal BreakoutToday NFLX is breaking the last daily fractal of 218.74 to the downside.
On the weekly it has also tested the Balance Line, having had two crosses over the last month. Right now, the weekly is also below the Balance Line.
Stop loss is closing above the daily Balance Line, which is also the signal for whenever a target is reached.
NFLX AnalysisPrice consolidated this week. Right now, price took some sell-side liquidity but is unable to push higher. Similar to last week, I'm expecting price to drop after taking the liquidity at 248.70 and failing to close above.
QuickTrade : NFLXInteresting level at 218.65 already tested several times.
From the other side, the 50h is testing the 250h so nicely here.
Possible bounce or breakdown
NFLX - Time To AccumulateNFLX has been in this area quite a while now and I think it will pop sometime near future with NDX.
Assuming the bottom is in first target will be to fill the gap - 0.5 retracement: $338
2nd the 0.618 - $401.
And I may leave a little in trade from there and see if it can punt a bit higher.
Not advice.
NFLX AnalysisPrice has played out nicely as analyzed last week. Price took liquidity at 248.70 and broke the market structure to the downside. From here, there is sell-side liquidity nearby and I'm expecting the price to take them while it continues on the downtrend. Possible target for this down move is the bullish POI at 190.21
NFLXNetfix (NFLX) has been consolidating between $252 and $221 since middle of July 2022. A daily close above $252 could form a bullish cup and handle pattern that stretches from middle of April 2022 until to date. Prices could potentially rallied towards the $333.22 level, which was the last traded price before current’s breakaway gap. In contrasts, a daily close below the $221 level may provide short selling opportunities with a potential retest of year to date low of $162.71. Its current MACD deadly cross suggest bearish momentum still persists in the market.
nflx 2 scenariosnflx 2 scenarios .1] buy after the break above the resistance 1 and 50ma . 2] sell after the break under the support 1 and 200ma ..
NFLX I like the company, but I believe that they're losing/lost their edge in the enterainment industry and is being surpassed by companies like Disney. Until they announce any news that could help them regain market share, I am neutral.
