NFLX Potential for Bullish Rise | 25th January 2023Looking at the Daily chart, my overall bias for NFLX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 332.72, where the 38.2% Fibonacci line is. Stop loss will be at 273.41, where the recent low is. Take profit will be at 472.02, where the overlap resistance and 61.8% Fibonacci line is.
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Netflix
Easy Buy on Netflix - Breakout of Ascending Channel !Netflix is currently down almost 50% from its all time high in Nov 2021.
Currently traded in an ascending channel since Oct 2022 and briefly broke out above with strong volume to close at 357.42 as of market close.
Now we look for some profit taking and pullback to retest the top of the channel
Buy zone is:
336 - 357
Take profit:
393
Now we have the 50 EMA crossing the 200 EMA, with the 100 EMA close behind. A cross of 100 EMA will signal stronger bullish momentum on Netflix stock, giving us more room for upside.
$NFLX - Netflix Bullish TradeGoing to back to the last Netflix chart added. Netflix was down over 50% from it's all time high. RSI hit oversold levels that it hadn't seen since 2011.
Stock price is back to levels it was in March 2018, before the surge in customers added during the pandemic and before it's most recent price hike in subscriptions. Netflix releasing an add based subscription at a discounted price. Dollar cost averaged way in to an average price of $251 a share. Current target $333 but may hold on for the long run.
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NFLX Netflix Options Ahead of EarningsIf you haven`t bought the dip:
I think now is the time to sell once again.
Looking at the NFLX Netflix options chain ahead of earnings , I would buy the $300 strike price Puts with
2023-1-20 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
NFLX DOWNSIDE SENTIMENTAttached is my chart with annotations on where I believe the price action is headed. My bias is to the downside, even if the price action gaps up into the dominant supply zone(s). I believe we will see a decline in subscribers and we may finally hear about some new features where NFLX will be adding additional fee's for AD vs Non-AD subscription plans to help generate more revenues.
We will see how this plays out and I will be interested to see how the markets react into the close of the day. Remember it's about "how the markets react" and not so much "why is price doing x, y, z".
NFLX ShortPerhaps the earnings on Thursday causes this to break to the upside with a surprise, but the technical indicators are suggesting a drop which could bring us to the $285 range. Should this break lower we could see the $150 range again.
While I understand there are several analysts predicting a bullish run with NFLX, it would not be a rusprise to see this move dowards in the near term.
(This is not financial advice, it's strictly personal perspective)
Netflix: Continue Watching 🍿Bring on the Popcorn! The Netflix stock continues to rise and should finish the turquoise wave A soon. Once completed, the stock would fall into a correction until the course drops below the support line at $252.06 and wrap up the turquoise wave B. Once the stock hit its corrective low, the course can start an upwards trend to climb further North in the longterm.
Netflix short… big month aheadRising channel and uptrend back in Oct 2022 until Dec 2022. New descending channel forms with a new resistance of $294/$295. Will continue to downtrend and will test resistance, if breaks through that resistance, entry between $300-$310. If not, expect descending channel to continue until at least earnings call in late January 2023.
#Netflix Rising wedge with Bear divs. Get shortNetflix has a rising wedge that looks pretty much complete. We are at the high side of the pattern. STO is high so lots of room to fall. 5 bearish divergences showing the new highs are weak. Worth a short position.
Volume is insignificant compared to the volume spike on the first high.
RSI is 64 and is weaker on each new high. Buyers are running out of steam. Sellers are taking over.
Stochastic is 83 so we have topped out with plenty of rom to fall.
Target 1 = 250
Stop Loss = 345