NFLXD trade ideas
Bearish Setup on NFLX: Correction Wave (C) UnfoldingTF: 4h
NFLX appears bearish at the moment. The corrective structure on the 4-hour timeframe suggests a potential decline. The current formation indicates that wave B likely completed at 998.61, and the stock has now begun its descent into wave (C) of the correction.
The correction may extend to the 100% projection of wave A at 788.67, or potentially deepen to 659.06, aligning with the 1.618 Fibonacci extension of wave A. After the completion of wave (C), traders can buy for the target up to wave B at 998.61.
I will continue to update the situation as it evolves.
Investment_ NetflixNamaste!
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 is no SL. In the worst case scenario, (if the company goes bankrupt), we don't sell. It's just the cost of execution (we lose 10% of our capital).
1. Do not invest more than 10% of your whole capital in this stock.
2. It is a good price to buy (invest) now. The current price is Rs 183 approx.
Thank you for your time.
Disclaimer: The analysis and idea I have shared is of my own. Please do your own due diligence before investing. The reward always comes with a risk.
NETFLIX – Head n Shoulder breakdown – 16% downside potentialNetFlix has given Head and Shoulder pattern break down from 412 support zone.
Target: 385, 348
SL: Hrly candle close above 418
Note: Head and shoulder pattern usually indicates trend reversal pattern, so better avoid longs unless it reclaims 445 levels.
#NFLX bullishDespite NASDAQ:NFLX beating its earnings across the board, its stock came across some bearish moment. Here I believe we might see a reversal in trend, as noticeable a divergence signal from MACD & RSI both. Also, Considering today’s price action, a jump of almost 1.5% intraday from its 200 MA, we might continue to be bullish and breakout from the triangle as well.
Next big moves in NFLXIt fell more than 70% from its high, and recovered more than 80% from the low, then again it is falling.
Case 1
In Jan 2004, the same thing happened. First fell more than 60%, rose 40% and again fell 54%. Then started to rally again.
Case 2
In July 2011. First fell 75%, rose 110%, fell 60%. Then a strong rally.
Case 3
Current situation. Fell 75%, rose 85%. Now might fall again. But if you believe in the company, it can be a period of accumulation.
From the past we can observe. Stock falls in 3 waves before making a new low. Using this I have done this analysis.
Disclaimer
This is not financial advice. Sumanyu Aggarwal is not an expert.
WILL NFLX COVER THE GAP ?What Is a Gap?
A gap is an area discontinuity in a security's chart where its price either rises or falls from the previous day’s close with no trading occurring in between. Gaps are common when news causes market fundamentals to change during hours when markets are typically closed, for instance an earnings call after-hours.
NFLX This rising wedge is at tight as it gets! 👀 Get your popcorn ready 🍿 📽️
Perf YTD 🔴 -61.84%
Perf Quarter 🟢 +2.70%
Perf Month 🟢 +24.91%
Perf Week 🟢 +1.72%
Falling Knife Do Not Catch This #NetFlixHow sweetly it followed This indicator,
May be people got reward who followed this.
Will not recommend anything But I would Not suggest any longs here unless it makes price action again, till than please move safely here and for me any rise should be for sell only.
please refer to the chart.
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Is Netflix headed towards 120?This analysis is on Netlifx ($NFLX) which made a ATH of around 700 and now is present trading at 190 levels. Everything happened so fast, in a matter of just under a month of trading, that many investors lost big money. So what was the crucial level? And where were the supports? Why didnt the support work? Did Earnings alone spoil everything? Markets discount everything and charts have a way of telling the same because they represent unbaised price action. According to my analysis, 540 was a crucial level. A day closing below this triggered a major sell off. The next support was at 340 levels according to Fibonnaci retracement at 61.8%. But it didnt hold. So the next level is around 120!
Netflix can plunge upto ''15%''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 and 560 level can be target no. 2 , if target no.1 breaches then we can look for target no .2.
This is just an analysis so please don't take any decisions solely on this basis.
Please give thumbs up if liked this analysis , as it requires deep research.