Netflix – Tick Insights

CFD Trading – Buy NETFLIX INC. (NFLX.NAS) @$531.50. Stop @ $519.70 and Target @ $563.80.

July 5, 2021July 5, 2021Nicholas

NETFLIX INC. Stock Code NFLX.NAS

Outlook
Price broke above the cloud on 25 June 2021 and has managed to stay above the cloud and above its gap since the day of the breakout. The ability to stay above the gap support is a sign of a bullish price trend. Conversion line and Base line had a bullish crossover earlier and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud as well, confirming the bullish price trend. MACD is bullish. Both of MACD’s lines are high above the zero line which is a hint of a strong bullish price trend. If price stay above the gap support at $519.90, it could be heading towards the previous resistance at $563.80 in the next 2-3 weeks ahead.

Strategy
$531.50              Buy
$563.80              Price Target
$519.70              Risk Management Stop
2 weeks              Trade Duration

CFD Trading – Buy Netflix(NFLX.NAS) at $460. Stop at $443.90 and target at $575.30

July 20, 2020July 20, 2020Nicholas

Netflix Inc. Stock Code NFLX.NAS

Outlook
Price broke above the cloud on 13 April 2020 and reached a high of $575.37 on 13 July 2020. After reaching this high, a four-day price correction has bought price to a low of $484.14, which was also above the Ichimoku cloud, maintaining the bullish trend. We do not think the price correction has ended. We see a correction lower to $460 in the next few days. Conversion line and Base line have a bullish crossover earlier, and has stayed bullish. Lagging Span is above price of 26 days ago and also above the cloud as well, confirming a strong bullish trend. MACD is bullish with both its lines high above the zero line, confirming the bullish trend. MACD has a bearish crossover and is moving lower but above the zero line, which is a sign of a corrective decline in a bullish trend.

Strategy
$460.00             Buy
$575.30             Price Target
$443.90             Risk Management Stop
4 weeks             Trade Duration

CFD Trading 15 May 2019

May 15, 2019August 7, 2019Nicholas

Netflix Inc Stock Code NFLX.NAS

Outlook

We had picked this stock on 30^th April for a short sell and our wealth team has come up with a short idea as well on 9^th of May. One of the reasons for the short idea on Netflix was the increasing competition in streaming space with companies like Disney and NBC, which used to cooperate with Netflix, now getting into the space as competitors. It will be hard for Netflix to complete against Disney’s strong content. Price has dropped below the cloud in its continuing decline. This is another reason for us to be bearish. Both Base and Conversion lines are about to have a bearish crossover and price is about to break a recent low. MACD has turned bearish and is declining. Price could be going down to a gap support at $302 or Fibonacci 50% correction point at $308.

Strategy

$354.00 Sell
$308.00 Price Target
$387.20 Risk Management Stop
4 weeks Trade Duration

Watt Disney Co Stock Code DIS.NYS

Outlook

Price rallied to a high of $142.37 after announcement of entry into the streaming space. Together with the overall market condition, price has dropped lower to $130. There could be more downside movement as MACD has not turned around as yet. MACD’s trend is still bullish and this decline could be corrective. Price has not closed a big gap that was opened on 12^th April. As long as price stays above the low point of the gap at $118.02, the trend is bullish.

Strategy

$126.10 Buy
$142.35 Price Target
$117.80 Risk Management Stop
4 weeks Trade Duration

CFD Trading 30 April 2019

April 30, 2019May 31, 2019Nicholas

Netflix Inc. Stock Code NFLX.NAS

Outlook

Price is near to a strong gap resistance at $387.43. This is the lower resistance of the gap with the higher resistance at $392.25. This gap has capped price rally since July 2018. A previous test of this resistance resulted in a price decline from $387.43 to $231.55. Price has been moving sideways since Feb 2019 with new highs along the way but MACD has been showing divergence warnings as price made new highs. This could be a warning of a possible price high in the making. A weak momentum in the MACD indicator is also another sign of weakness in the price rally. We do not think price is able to move beyond $392.25 and a price to close the gap would be an opportunity to get into short position for a potential move back to $320

Strategy

$374.35 Short Sell
$320.00 Price Target
$394.10 Risk Management Stop
4 weeks Trade Duration

Merck & Company Inc. Stock Code MRK.NYS

Outlook

Price, after breaking below the cloud, has climbed up near to the edge of the cloud. Price is currently still below the cloud as well as its Base line. This is an indication of a bearish price trend. Base line at $78.08 and cloud resistance at $77.60 are likely to act as resistance points to cap the price rally. MACD is still bearish and both lines in MACD indicators are far away from the zero line, indicating a strong bearish trend. The rally from the low of $72.28 could be a corrective rally and an opportunity to get into a short position.

Strategy

$77.80 Short Sell
$70.90 Price Target
$79.53 Risk Management Stop
4 weeks Trade Duration