Most of the recent "post gap" rally on NFLX has already been faded. I believe a partial (down to the 167.50 area) or full (164 area) backfill of the gap is likely. As of now the stock is backtesting the upper channel trendline which could act as support but bearish if taken out. Not an [...]
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 [...]