Netflix
NFLX 5/26 Weekly PlanExpect a vac on 4h, 1D, nice pivots on the fibs, probably already bucked the trend downtrend seen on the hourly with green af futes. These plays will be heavily influenced by index direction. Plan for the short week starting 5/26 on NFLX .
1h: 14: 432.87 30: 442.55. Again ugly. looks like its in a comfortable downtrend.
4h 14:445 30: 441 - really ugly, might still vac
Daily 14MA - 440.23 30MA - 429.48
Weekly 14: 388.24 30: 353.07
TL; DR
Long above 431.32 R1: 437.80-439.10 R2: 453.47 (Daily 14MA 440.23, 4H_14: 445, 4H_30: 441 Target somewhere in the 440 area where I would exit)
Short Below: 420.63 S1: 407.75 S2: 394.84
Netflix MACD DivergenceWhile Netflix has been the darling of the Covid-19 Pandemic trade period, there is some technical weakness evidenced by a divergence on the MACD. While a higher price point such as $490-$500 is achievable, this may be used as a zone of distribution for larger holders.
Non-recommendations from a non-financial expert - #NFLX has increased downside risk while showing waning momentum to the upside. Expecting a retracement urged on by possible short position.
Netflix Month Elliott WaveOn the Longer term Netflix looks Bullish...
a wave that was done at 432 level can be the a wave from the same degree as the rest or it can only be the a wave of smaller degree...
It can also be a wave 1 if the bigger degree is a zigzag...
Also If the wave a is in place we can still be in the b wave
Other way is b wave is done too and now we are on the c wave..
When Trading Elliott always have more than 1 scenarios because market doesn't always give all the info you need to trade...
Netflix rompiendo niveles. Buscando crear un nuevo máximoNetflix ha tenido un alza en los últimos días y semanas, llegando a máximos históricos de $433 por acción. Nivel que ha roto el día de ayer y esta convirtiendo ese nivel ahora en un soporte.
Expertos creen que en los próximos meses Netflix pueda llegar a $520 por acción o incluso más.
I Just don't see any further upside in $NFLXWhat wall st is saying is that the lockdowns will accelerate subscriber growth upwards, that's fine. However, what happens when the lockdowns are lifted? Subscriber growth would be maxed out and declining. I'll be closing my long positions and going short at some point. Targets are on the chart.
NETFLIXA strong resistance point has not been broken since 2018, and it has been broken and strongly this year.
As shown in the chart, we note the return of the stock and the test of the previous resistance, then do a return to the top, confirming the strength of that area and confirming the possibility of buying
"Netflix: Potential to move towards the Fibo Zones"4H Chart Explanation:
- Price broke the All Time Highs Zone (Resistance Zone).
- It is currently on a Bullish Corrective Structure (V-Shape).
- If price breaks it, there is potential to move up towards the Fibo Zones.
Daily Vision:
Weekly Vision:
Updates coming soon!
Netflix has come to a fork on the road.Netflix has come to what I like to call a fork on the road. If Netflix does not break over $363 and breaks over the top trend line on this chart we might see a reversal in price that can take it all the way down to $77 on a large (WXY) correction as shown on the chart above. It has finished the (X) wave up and it is currently one the (b) wave of the (abc) wave of the (Y) wave down. Let's see how this plays out.
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