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Netflixshort

Netflix levels and FANGsInteresting outlier for FANGs - Price is flirting with a 4/5 Month Trendline (pink line) - Price has already broken a 3 Month Trendline (blue line) -Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318 - if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought Counter argument: - BTFD - Honestly this 1Day Netflix chart is crazy, trading against momentum like this might not be the wisest approach.
NASDAQ:NFLXShort
by cgd
2
NFLX @ Daily @ ready to take off (new all-time highs)Probably NFLX is one of the shares with the most exciting bullish perspectives !? 133.27 (2015/12/07) is the actuallity all-time high price level 129.29 (2015/08/05) was the 1st all-time - summer last year 111.85 (2016/06/14) was the high in june this year before pressure appeared An BreakOut above 133.27 should generate a mid-term buying signal & a BreakDown under 111.85 likely a mid-term selling signal :) How ever, as long NFLX is trading above the GAP (116.50 > 100.73) i am pretty bullish for this share ... Prices from 120.37 until 116.50 are buying price areas for bulls !!! 1st target should be 125.81 (end of extended downside trendline) 2nd target should be 126.16 (temporarly high after november`16 lows) 3rd target should be 128.93 (start of extended downside trendline) After that, should the way into new all-time highs be free - likely only a quest of time :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NASDAQ:NFLXLong
by Devise2Day