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NFLX - Netflix

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. Brandon Lanclos

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    Anybody buying here?
     
  2. T0rm3nted

    T0rm3nted Moderator
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    It's definitely tempting. I prefer some more clearly defined support though, and, I don't see that until $250 so this would probably be a pass for me. Wouldn't be surprised to see it go up though.
     
  3. StockJock-e

    StockJock-e Brew Master
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    I agree, if this gets around $250 I think its a serious deal.
     
  4. Elliottwave-Forecast.com

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    Hello fellow traders, In this blog, we will have a look at some short-term Elliott Wave charts of Netflix which we presented to our members in the past. You see the 1-hour updated chart presented to our clients on the 12/12/18.

    Netflix ended the cycle from 12/03/18 peak in black wave ((W)) at 12/10/18 low (260.22). Above from there, we expected a bounce to occur in black wave ((X)). The bounce unfolded in an Elliott Wave double correction structure. We advised members that Netflix ideally should continue lower. Therefore, we expected sellers to appear in the sequences of 3, 7 or 11 swings. At the 100 - 1.236 Fibonacci extension of blue (W)-(X) which came at around 278.29-287.92 area and that was the first area for sellers to appear.

    Netflix 12.12.2018 1 Hour Chart Elliott Wave Analysis
    [​IMG]



    In the last Elliott Wave chart. You can see that the stock reached the blue box area (278.29-287.92) and reacted lower. If traded our blue box area shown in the chart above. Then, any trades from that area were risk-free, which means the stop-loss should be moved to break even, targeting lower levels. Please keep in mind that the 1-hour chart which I presented may have changed. Because as long as Netflix doesn't break 12/10/18 low (260.22). A double correction in black wave ((X)) higher still can't be ruled out. This blog should just illustrate how accurate our blue boxes are, and how our members trade our 3-7 or 11 swings strategy.



    Netflix 12.16.2018 1 Hour Chart Elliott Wave Analysis
    [​IMG]



    I hope you liked this blog and I wish you all good trades.
     
  5. StockJock-e

    StockJock-e Brew Master
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    A lot of new content coming out this year, I like the dips here.
     
  6. StockJock-e

    StockJock-e Brew Master
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    Just saw the message on my screen that says they are increasing to 13.99/month.

    Im not even mad. Still worth it.
     
  7. StockJock-e

    StockJock-e Brew Master
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    There we go, climb!
     
  8. StockJock-e

    StockJock-e Brew Master
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    Dang! Look at that power move!
     
  9. bigbear0083

    bigbear0083 Content Manager
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    that is a nice move off the recent lows!

    $380ish looking plausible, which would coincide with daily TL resist. and the spike high from the previous ER.
     
  10. StockJock-e

    StockJock-e Brew Master
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    Alert set for a breakout above $360
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    NFLX resistance at 380, has not regained that level in the last 2 quarters much less its ATH.
    [​IMG]
     
  12. StockJock-e

    StockJock-e Brew Master
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    T0rm3nted likes this.
  13. bigbear0083

    bigbear0083 Content Manager
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    Netflix Buffers Ahead of Disney Streaming Event
    After surging off the December lows, Netflix (NFLX) has done its best impression of a show buffering with a slow internet connection - the stock has gone nowhere. The chart below is from our new and improved Chart Scanner tool, and as shown in the highlighted area, the stock has been trading in an extremely tight range relative to its normal trading pattern. Maybe the stock is just consolidating after its big move, or perhaps investors have been taking a wait and see approach ahead of Apple's streaming announcement late last month and Disney's (DIS) Investor Day on Thursday (4/11) where the company is slated to unveil its streaming plans.

    [​IMG]

    Whatever the cause of the pause, Netflix's range over the last 50-trading days is near historic lows. With a high/low range (based on closing prices) of 11.3%, the stock's trading range over the last 50 trading days is just one-quarter of its historical average and narrower than every other period in the stock's history except two.

    [​IMG]

    Those two periods where the stock traded in a narrower range were in early and late 2017 when the 50-day range briefly dropped below 10%. In the chart below, we show where those two prior periods occurred with respect to Netflix's stock price since the start of 2016. For what it's worth, in both periods where the stock finally moved out of that narrow range, the move was to the upside.

    [​IMG]
     
    T0rm3nted and Onepoint272 like this.
  14. Onepoint272

    Onepoint272 Well-Known Member

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    Reduced volatility is indeed generally an indication of a re-accumulation trading range as opposed to a distribution trading range. In re-accumulation the public is less involved, whereas during distribution the stock is being "distributed" to the public and thus the volatility increases as they are a jittery bunch, sensitive to news and all sorts of impulses.
     
  15. StockJock-e

    StockJock-e Brew Master
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    Im sad to see Star Wars - The Clone Wars leave Netflix. My kid watched that series at least five times from beginning to end.

    But for $7/month on Disney+ its not too bad. We are obviously keeping Netflix, but it sucks we now need two streaming services.
     
  16. T0rm3nted

    T0rm3nted Moderator
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    Try 4. Netflix, Hulu + live tv, HBO, Disney

    EDIT: Make that 5, Amazon Prime
     
  17. StockJock-e

    StockJock-e Brew Master
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    Hulu and HBO we have managed to avoid for the most part.

    Disney we will not be able to ignore.
     
  18. StockJock-e

    StockJock-e Brew Master
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    Lets see if $340 support holds
     
  19. StockJock-e

    StockJock-e Brew Master
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    So the Disney+ sell off is done here?

    [​IMG]
     
  20. bigbear0083

    bigbear0083 Content Manager
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    everybody ready for ER? :p

    here's the whispers courtesy of EW.

    [​IMG]

    also, is it just me or does anyone also feel like the official kick off to the earnings season isn't until NFLX reports? :p
     
    T0rm3nted likes this.

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