NFLX ShortPerhaps the earnings on Thursday causes this to break to the upside with a surprise, but the technical indicators are suggesting a drop which could bring us to the $285 range. Should this break lower we could see the $150 range again.
While I understand there are several analysts predicting a bullish run with NFLX, it would not be a rusprise to see this move dowards in the near term.
(This is not financial advice, it's strictly personal perspective)
NFLX
ROKU setting up a SHORT TRADE ROKU double topped on November 14 and December 2 and then dropped in a downtrend
until 12/28 and reversed. The mid Fib levels of the retracement a drawn onto the chart
are being approached.
I look for ROKU to bounce down off the Fib Level at 52. 2 and drop to approach the SMA 200 ( Red Line)
after first crossing under the SMA 100 ( Blue Line ) and then to the POC line of the volume profile
where buyers should take over and support price. Overall three targets ( SMA 100, SMA200, POC)
and a three tier take profit scheme for a very conservative trade.
NFLX possible multi-year head and shoulders?From a purely technical standpoint, I am short-term bullish and medium-term bearish on Netflix.
Will look into opening a short position or long put(s) at retest of $390 -$405 psych level.
Please allow 3-5 months for this idea to play out.
Clearing $415 will invalidate this idea.
Not financial advice, just for fun!
$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA
Fair Priced.
> 70% down from the ATH
Now opportunity to double the money.
CMP 125$
Target 250$
Duration < 12M
SL 60
RR > 2 time
Return > 100%
Bet is worth taking the risk!
TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
NFLX Daily Short Squeeze Setup using Wolfe Waves$NFLX The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. In some of the educational material and streams posted in Tradingview, I go over a short squeeze setup using wolfe waves. You can watch the video here: www.tradingview.com There are a multitude of gaps within gaps and they will all eventually fill some time in the future - only the market makers with designation will determine that. In the meantime, we can use wolfe waves to identify short squeezes or breakout patterns by using the indicator as a contrarian. In the short term, with earnings season starting in January 2023, there is a setup that NFLX may fill the 314 gap. If the gap fills, then it would be a great level to manage risk and hold onto a few runners to see if the 334 level is retested. If NFLX breaks 334, then short will squeeze and the stock price of NFLX will explode higher to fill the next two gaps above 380 and 400 before 2nd week of January. For disclosure, we are long NFLX.
15 Companies that have organic growth of financial resultsIt is good options to buy when the market is at the bottom (we think it is summer 2023, you can see our macro scenario here )
Type: growth stock
1. Okta – operates in the Identity Management market (identification protocols). It sells its products to individual companies and as part of integration with the other industry leaders (Zscaler). Organic growth is expected due to a low penetration of Identity Management in corporate environment (20% now). The market could reach the value of 70 bln, according to McKinsey. We anticipate revenue to expand by ~30% over the next few years.
Downside: 1) The company regularly dilutes equity to finance R&D and marketing.
Upside 1) Has a positive EBITDA margin, will have a positive FCF as soon as 2024.
2. Twilio – operates in the CPaaS market. The valuation already reflects negative expectations from the slowdown of the CPaaS market amid shrinking advertising budgets (weak consumer). We expect revenue to expand by 25%+ over the next few years, which is also reflected in the company’s long-term valuation.
Downside: 1) The company regularly dilutes equity to finance R&D and marketing. The emergence of various solutions in the market that are powered by GPT-3 (a neural network), which generates human-like responses based on the learning of the target audience. These solutions are less costly for companies; however, major companies aren’t bent on integrating it just yet. I believe that Twilio could integrate it in its own product, as GPT-3 has an open source code.
Upside 1) Has a positive EBITDA margin, will have a positive FCF as soon as 2024.
3. Zscaler. The company operates in the narrowly specialized SSE market. Industry leader. Organic growth is expected due to the current low penetration in corporate solutions (around 3%). We anticipate the company will practically double its cash flow every year over the next 2 years + it’s profitable
4. Paypal. In the third quarter PayPal demonstrated again that the company’s strategy is bearing fruit even as the global economy is slowing down.
The multipronged development of PayPal’s services remains key for its organic growth. What used to be a fairly narrow-focused service to pay for goods and services is adding ever more new functions: PayPal continues to cooperate with Apple and is expanding the opportunities for contactless payment, while also working to increase engagement with the audience through the Braintree payment system. Therefore, even in the middle of an unfavorable macroeconomic environment and faced with declining consumption in the cyclical sectors, the company is seizing ever more market share.
Upside: the management plans to boost operating margin by about 100 bps next year by developing infrastructure and reducing transaction costs.
5. Tesla. Tesla publishes fairly strong reports: Revenue and operating profit grow by 50-60% y/y. unlike other players, Tesla also improves its business margins.
When China ends lockdowns, the issue of downtime at Tesla’s Chinese plant, its largest, will go away. Also, as soon as this quarter (the fourth quarter) Tesla will share access to its FSD and release it to the mass market.
In general, the company is feeling well. Its stock price has fallen ahead of the market amid Musk’s purchase of Twitter and the current perturbations at Twitter. Also. Musk sold some of his Tesla shares to fund the purchase of Twitter. Musk’s current share is ~13%.
Type: cyclical stocks
1. Livent. The company is moving ahead in line with our forecast. The company has several growth projects that start as soon as 1Q 2023, and also in 4Q 2023. They will add 100% of lithium carbonate production. Lithium prices, give or take, are set to remain near their current levels as demand from the EV industry continues to be strong (even as consumption is low, the market cannibalizes ICE models).
Downside: 1) Poor reporting on sales volumes. Chemicals prices continue to hold high. If lithium prices turn around, that will erase the margin.
Upside: 1) The company operates with a high gross margin. Its costs are $7,000 per 1 ton of production while the price now is about 80,000 a ton.
2. Darling. The company has piled up a lot of cash on the balance sheet. It now uses it for strategic precision purchases, which fuel its growth. + 30% of EBITDA comes from DGD, the growth of operating metrics will largely happen in 2023, so by 2024 operating metrics will rise by 50%. The stock took a lot of hammering as Biden seeks to revise the 17-year-old EPA and shift the program toward biogases. EBITDA will get a strong boost due to declining agricultural commodities prices.
Downside: 1) Margin is tamped down because of the acquisition spending (temporary impact) + agricultural commodities prices could hold above our expectations, which means EBITDA wouldn’t get as much of a boost
Upside 1) core business is stable
3. Crocs. the company grows fast in terms of operating metrics (physical shipments of footwear of its own brand and HeyDude), and has been able to switch to air freight delivery, which has been immediately reflected in EBITDA, as was expected. Crocs is now laser focused to consolidate the Asian rubber footwear market, as it regards it as the main and priority market.
Downside: 1) High debt, which was taken out to buy HeyDude. However, they are paying it back as they are successfully integrating HeyDude in its organic structure.
Upside 1) They are able to pass a high share of costs on to the consumer (high gross margin). The average selling price of footwear is $25, while production costs are $10. The brand name is actively working for the company, advertising costs aren’t rising too much (the collaboration with stars that have audiences of millions of people does its part + go on advertising: let’s say, when you see a celebrity wearing Crocs out in the street, rather than on your phone screen, you want them, too.
4. Pinterest. In the third quarter Pinterest showed a net increase of monthly active users for the first time this year. It totaled 445 million people: 95 mln in the US and Canada and 350 mln in other regions.
Although the digital advertising market has taken a heavy blow in 2022 as economy slowed down and advertising budgets were downsized, Pinterest continues to show a stable growth of average revenue per user: The total ARPU reached $1.54 (+8.16% y/y) in 3Q, compared with our forecast for $1.59.
5. Ulta. As of now, organic growth is possible only through opening mini outlets at Target stores. The beauty industry, including Ulta, isn’t falling that much as the company/industry get the bulk of their revenue from beauty enthusiasts (who use cosmetics no matter what, even expensive ones). + the company continues to show a high pace of LFL sales growth due to foot traffic and the average ticket. For two straight quarters now, the company has beaten analyst expectations, but not ours for EPS, due to an increased efficiency of inventory accounting/arrangement of products per 1 square meter (essentially, every inch is used for commercial purposes).
6. Netflix. The business is essentially mature. What could breathe life into it is a strategy to acquire users in low-income markets + add-supported subscription.
7. Transocean. For a few straight quarters now, RIG has showed it’s getting new contracts, including long-term ones, at elevated prices. As long as the trend continues, we expect the company’s gross margin to expand because RIG, when it concludes contracts, includes the future growth of costs in the contract value. All the contracts have fixed revenue, rather than adjustable one, so that’s why. With oil price at $70+ and given underinvestment in the industry, RIG is sure to have demand for its ships.
Type: Chinese, Taiwanese stocks
1. TSMC. TSMC shows a stable growth of financial results and growing business margins. TSMC, in effect, has a monopolistic position in the market, with major companies in the US and China relying on its products.
If China seeks to maintain economic growth and improve the well-being of its citizens, then most likely nothing will happen to Taiwan before 2024 (the year of presidential elections in Taiwan). Therefore, 2023 will be a year of continued growth for TSMC, even amid a global recession.
2. Li Auto. Li Auto shares have been dumped amid the decline of its gross margin as demand skewed toward the more expensive EV. That’s the most expensive EV made in China and the strong demand for it demonstrates that the company’s revenue will continue to rise.
Li Auto is in the middle of an investment phase now, being busy boosting its R&D in EV software and various components in order to achieve a greater vertical integration. The company continues to expand in terms of capacity, dealerships, and invest in its autopilot.
The company holds substantial promise, just like Tesla. What’s more, Li Auto is on the party list as the third-largest EV producer.
3. Baidu. If China relaxes its lockdowns, Baidu’s core business – advertising – will gain pace, with revenue and operating revenue getting a boost. Baidu actively invests in its proprietary systems for AI-powered driving and digitalization of industrial businesses and state-owned companies. In 2024 Baidu is set to start manufacturing EVs jointly with Jidu.
NFLX- Ascending Wedge Pattern Setting up Bearish SHORTNFLX has been in an uptrend and quite bullish and relatively strong
on the 2H chart an ascending wedge pattern is seen.
Moving Averages confirm the present trend as bullish with no crossovers
and the price above all of them.
Given the ascending wedge I will take a small position now at the trendline
resistance as a swing short. I will add to it if/when price breaksdown
below the green trendline support and the fast moving average crosses
the intermediate moving average as well as a line crossover on the MACD
or bearish divergence on a RSI indicator.
Netflix to find support at 50 EMA again?Netflix - 30d expiry - We look to Buy at 281.11 (stop at 265.74)
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 1day EMA is at 276.80.
The 1 day moving average should provide support at 276.80.
Daily signals are bullish.
Expect trading to remain mixed and volatile.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 319.49 and 329.49
Resistance: 322.77 / 350.00 / 395.00
Support: 302.10 / 275.94 / 252.09
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NFLX Following the channel here with Higher Highs and Higher Lows show bullish movement of NFLX, however I plan on a Short term ride back down to lower trendline indicated here and will enter when I get full confirmation with RSI crossing back down as in previous others shown by arrows. What do you think??
Trade safe and have fun! Follow me on my voyage from 1k to 10mil! Navigating stocks instead of ships! Cheers!
SPY zoom outI am neutral on SPY until I see price action but leaning towards short.. filling out the channel.
This can go two directions right here as we see quite a but of support and resistance along each trendline. Anyone who tells you otherwise is lying to you..
Tests of upper trend line show high level of resistance in overall downtrending market however we see support along lower trendline. Last candle on the daily I set alerts for breaks above and breaks below and then look for an entry. I will likely stay out of the market this week looks like a choppy one..
Good luck have fun trade safe cheers!
Follow and like for more! Comment your thoughts and ideas below!!
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post.
Cheers!!
Trade safe have fun!
FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
NETFLIX 1D Golden Cross historically shows fast recovery.Netflix (NFLX) completed last week the Golden Cross pattern on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). By doing so it closed yesterday above the 1W MA50 (red trend-line) for the first time since January 06 2022, practically when its Bear Market was confirmed.
Since it started trading, NFLX has had a 1D Golden Cross pattern while below the 1W MA50 another three times (October 07 2016, December 17 2012 and June 02 2005). On all cases, the price recovered at least the 0.786 Fibonacci, very fast. During 2016/17 it recovered the previous High in just 94 days since the 1D Golden Cross formation. In 2012/13 it recovered the previous high in 264 days, while in 2004/05 it recovered the 0.786 Fib in 200 days.
The worst case scenario of 2004/05 would have Netflix hit $511 by June 08 2023. Do you agree? Which of the 3 scenarios do you think is more likely to happen?
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