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NETFLIX INC. DL-,001NETFLIX INC. DL-,001NETFLIX INC. DL-,001

NETFLIX INC. DL-,001

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Netflix Weekly Support Convergence Test so far so goodHi guys. This is a MACRO Technical Analysis on Netflix (NFLX) on the 1 Week TImeframe. This week we have TESTED Support on the 21 EMA and the Support trendline of the UPTREND channel. Netflix is heavily supported not only by these 2 mentioned SUPPORT lines but also a 3rd Support, the black horizontal support line as well. Everytime we've touched the Support line of the Channel, we've bounced to the Top of the Channel. EXCEPT our most recent touch, that took us only half way before printing a Topping Tail Candle and selling off. Watch how we close this weeks candle. If we close around or above $428. That would be the best case scenario, as that would indicate an Engulfing Bullish Candle. This could invalidate the Topping Tail Bearish Momentum. BUT for now we need to watch what happens. Keep in mind that the Topping Tails can cause further price DECLINES. AND we absolutely don't want a UPPER WICK for our current weekly candle. This would imply selling pressure and may indicate continuation of the TOPPING TAIL. Watch also the VOLUME -> From here we should see increasing volume and or SPIKE in volume so price can continue up the channel. For whatever reason if we BREAK DOWN from this SUPPORT CONVERGENCE area, the next level would be the 50 SMA. Also NOTE, along with Topping Tail Candle, indicators are showing BEARish signs. MACD has crossed BEARISH RSI Broke BELOW Support Trendline. For us to continue our UPTREND MACD needs to CROSS BUllish and print green bars RSI cannot print below the Horizontal Black line, as that would indicate a Lower low. And Ideally, get back above the Support Trendline and or continue UP. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on NFLX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:NFLX
by SafofAllTrades
2
Netflix Identifies ResistanceWe have been watching this stock for a while during my weekly Livestreams (Fridays 4pm EST UTC-4). Last Friday, we noted that NASDAQ:NFLX has pulled back up to retest the 50% of the July Weekly Spike price action. This is happening following a long bullish recovery trend up to the MAJOR Weekly 50% Retracement Resistance of the November 2021-May 2022 bear trend. The price action has defined itself clearly with the July high. The risk and wrong occurs with a breach of the July high. With this in mind we can define a high risk/reward trade to at least a 3 to 1 down to 257 and possibly beyond to retest the major low from 2022. Implied Volatility is below average which is good for options. However, this is NOT a trade that can be effectively expressed with low duration expiries even though it might be tempting due to the high cost of the stock. To express this trade one must go well into 2024 expirations or short shares.
NASDAQ:NFLX
by norok
4
NFLX engaged in long short competition NFLX engaged in long short competition This chart shows the weekly candle chart of Netflix stock in the past two years. The graph overlays the bottom to top golden section of May 2022. As shown in the figure, Netflix's stock hit the strong pressure of 3.618 positions at the bottom of the chart against the golden section in mid July this year, and then fell back. In the past six weeks, it has been engaged in long short competition between the 2.618 and 3.000 positions at the bottom of the chart against the golden section! For a period of time in the future, just use the 2.618 level of the golden section at the bottom of the graph to determine the strength of the Naifei stock's long short divide!
NASDAQ:NFLX
by Think_More
NFLX offers 15% - 20% ROI near termNetflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures. From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months. Inversely, closing below support on a weekly basis would put (NFLX) into a sell signal where losses of 20% would be expected over the following 2 - 3 months.
NASDAQ:NFLX
by SpecialeAnalysis
$NFLX Head and Shoulders Pattern (H&S)?Back on July 31st I published an idea that NASDAQ:NFLX may be breaking out. Well, it did for just a bit but that failed. Fast forward to today, 8/21/2023 and it looks to me that we “may” have an H&S Pattern with a clear neckline as I see it. It dropped below that line last Thursday and looks to be ready to test it from the underside. If it can get up, over and hold above that line the pattern would be negated. A lot depends on market direction. My bet this time is that it will test and fall back. I have an alert set on that line and I’ll be ready to short if it fails. It is also below all shorter-term moving averages, bearish. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:NFLXShort
by jaxdog
Has Netflix Already Bottomed?Netflix has pulled back after a sharp rally, and now some trend followers may see potential for further gains. The first pattern on today’s chart is the steady decline since earnings on July 19. That slide could be morphing into a successful A-B-C correction pattern. Next, the second low (C) occurred near $400. That’s not only a “nice round number” where buyers may feel comfortable. It also represents a 50 percent retracement of the move from early May through mid-July. Traders may watch for the streaming giant to hold roughly $400 (or make a slightly higher low) over the remainder of the summer lull. If it successfully does that, bulls could return heading into the next quarterly report on October. 13. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation
Even further down for Netflix? Could be so...NASDAQ:NFLX is one of the big names that has had a tremendous bull run the past year. But after touching $485 only just a month ago, and falling with the rest of tech on the most recent pullback, NFLX currently sits at $404.53 per share and looks to be on the verge of an even larger move down. Here we see a head-n-shoulders pattern with the pattern already beginning to follow through. Not saying NFLX is doomed, but this is something to keep an eye on. If the head-n-shoulder pattern plays out, look for a drop to $360ish.
NASDAQ:NFLXShort
by Flinttrades