Namaste! Netflix has corrected almost 74% from the all time (swing) highs. This isn't new for Netflix. It had happen in the year 2011-12, when it corrected 82% from swing highs. It had moved >9000% since then (up to the latest swing high from Rs 7-8 price). Investing after a correction is a good idea, because it gives us more room for potential gains. And, there...
A CLOSE ABOVE 97$ WOULD LEAD TO AN UPWARD JOURNEY till 104 to the least as per chart! support at 95$
At the downward channel, following the ascending channel with a small SL one can go long positionally for good returns in my opinion.
Yes. Netflix even after such a fall it's in an ascending channel so I would think twice before shorting it. It can help its investors make good bucks if held for long term.
Netflix (NFLX) weekly chart with Stage Analysis - Stage 4 stock. Only for educational purposes, Not a buy/sell recommendation.
Wave A in progress, Wave (5) of Wave A extending is unfolding and - bad news is, it is also extending Looks like moving towards 107 Lets wait and see
Hi Traders / Investors , Netflix can fall upto 560 levels from 665 levels upto maximum of 100 points because of following reasons based on technical analysis. 1) Breakout and retest of Ascending triangle pattern and Uptrend . 2) Failed to form Higher High and Higher Low. 3) Formation of Bearish RSI Divergence. It can fall upto 615 level which can be target no.1...
NETFLIX looking for a great buying opportunity after having 72% correction from the top.
Yesterday i discussed about this resistance, i discussed that resistance is not imp but still keep eye on, n as you can see that resistance pushed price down
Looking at all the signs, if we put global news aside and think about TA, I feel #NFLX looks ready for a Trend Reversal and Targets 450-500$ first. I've shared detailed analysis in the chart. Do follow and like this idea to get more interesting updates.
Netflix has formed a pennant pattern and currently its in a position to either give a breakdown or a breakout from this point. A proper trade can be initiated after either of those happens with good volumes.
Currently NETFLIX is at attractive levels where retail investors can start adding stocks in small quantities. Long term investors should buy in higher quantities. All short and long term exit strategies are marked. Hope all traders make money in few months time :D
Netflix has corrected a massive 25% today and is currently at its support of $385 so these levels should hold. If you see any positive momentum in the coming days, you can add at these levels.
It is a good buy with a good trade plan, Always remember you are not going to win every trade so follow your risk management properly and manage your trade properly.
netflix is more likely to break the support and line and take a fall rather than going up as resistance looks more promising
NFLX Looking Bearish Go For Short-Selling