NFLX (Netflix Inc.) is soaring in after-hours trading following their quarterly earnings release. When I look at the weekly chart of NFLX as well as the price & volume action along various technical indicators, I see some almost uncanny similarities between NFLX today and AAPL when it put in a major top back on April [...]
Wash, Rinse, Repeat. After the previous short trade on NFLX hit the final target, the stock experienced a typical reaction off that level followed by one more thrust lower while going on to put in a divergent low on the 60-minute time frame & recently breaking above this recent falling wedge pattern. With the stock [...]
NFLX (Netflix Inc.) has hit T2, the final official target, for a quick (4 session) gain of 10.5%. Consider booking profits or at least lowering stops if you plan to hold out for additional gains. The 147.70 level is a key support level, both uptrend line & horizontal price support, which would trigger a more [...]
In light of today's breakdown in QQQ (of which NFLX is a component) & the leading FAAMG stocks as well as the impulsive breakdown in NFLX, with the stock dropping as much a 5% since the entry earlier today, an additional price target has been added, T2 at 148.20. Previous & updated 60-minute & daily [...]
The following notes & charts outline the entry criterion, price target, suggest stop & beta-adjusted position size for a swing trade in NFLX, Netflix Inc.
Member @ruben made a request for the charts of NFLX, BA & GIS within the trading room. As each of these look like potential trading opportunities (the former 2 as shorts & the latter as a long trade), I figured that I would post the charts here on the front page for any members that [...]
NFLX daily Jan 12th NFLX (Netflix, Inc) will trigger a short entry on an break below 310.00. Netflix recently broke below a two-year uptrend line, which terminated with a bearish rising wedge pattern, in late 2014 and is currently flirting with a key horizontal support shelf. T3 (215) is the current final & [...]