NFLX - Netflix

I got my money worth also on NFLX, I am using my daughters account
I really don't watch much TV much but I usually watch from my Amazon Prime. I am paying for that

 

Which way do you think this will move? I'm thinking of taking profits here.

 

i expected this. It'll be bumpy for a few weeks but this well-run game changer of a company will continue to climb.

 

Netflix is a good deal even with recent changes in subscription prices. The path has been quite rocky for the company since they went global though.

 

macd cross/full bullish /cci bullish/ rsi bullish what more say only negative low volume day lot of room for upside

 

falling volume and increasing price not a good sign

 

Getting some negative action after hours on a Friday, -1%...might be options being exercised.

edit: Alibaba is debunking their rumoured acquisition of Netflix. Well, duh. Very, very hard to find a company that would take over Netflix at 16.5x book value (and they'd have to add a premium); and no way would that company be a Chinese one.

NFLX back-filled one gap today, the one from it's big ER fall

Now it just needs to fill that gap down below

edit 2: http://www.marketwatch.com/story/al...eport-of-netflix-bid-2016-08-05?siteid=yhoof2
"We are not preparing any investment into Netflix," an Alibaba spokesperson told MarketWatch by phone.

Chinese spokespeople work at 4am on Saturdays. There's that strong Asian work ethic lol.

 

Pullback on very low volume last 3 days.

One of the things NFLX got dinged for in the last ER (where they beat estimates by 7 cents = 350%) was they were (allegedly) raising the cost of their subscription. Actually you can still get the cheap subscription, but if you want HD then it'll cost you $1 more.

 

Netflix looks ok, paused with the rest of FANG. BB beginning to come in, a big move is imminent.

 

$NFLX the recent chart looks interesting, would be rad if it formed a base right here and moved next leg up

 

Watch this trend line for a upside break at $97 for short-term direction.

 

is it possible $100 next week?

 

NFLX is weak. It has spent 21 days so far trying to take back one day of selling back on July 19th. It is up against strong resistance at 96.94 and 98.81. Comparative Relative Strength shows it has been under performing the S&P since Dec 7, 2015. For the past year it has been contained in a trading range bounded by 129.29 and 85.50. It came into that range with demand in the background but has shown two signs of weakness in the latter stages of that range, the last one being July 19th. So, supply has proved itself and this trading range probably represents distribution by the big interests to the public. It is becoming increasingly suspect whether the lower boundary (85.50) will continue to be supported on the next plunge. Next support is 67.92 to 64.08.

 

I agree. $80 - $85 is crucial for the stock short and long term.

This is one of the four horsemen, or used to be anyways. I have a gut feeling that if NFLX chart gets complicated further, it will be bought out this time around next year by the likes of DIS or CMCSA.

I find it hard to believe they are going to let NFLX trade back into the 60s before they cobble up some deal. Or maybe a trade down to $75 - $80, on a shakeout, before a move back into the weekly POC on a slingshot type move?

Those are really all three possible scenarios:

1) Breaks resistance of $100 - $103 and proceeds to trade higher;
2) Gets bought out at a premium of 30% - 40% on the exclusivity of its content and platform, or
3) Trades down to $75 - $80 first before reversing back into the weekly POC for a slingshot type move.

 

Recently, Netflix, Inc. (NASDAQ:NFLX) broke out to the upside from a triangle pattern on the stock chart. A triangle is considered chopping sideways action that can break up or down. In this case it broke up. Following that break out, the stock has consolidated in what is known as a bull flag pattern, signaling further upside. While most stocks have started to look weak in recent weeks, Netflix is one of the few that is holding strong and has substantial upside potential. The calculated target on Netflix is $110.00.

Jenny Rebekka

Pro Trader