I think Netflix is up against two problems. Ist, when pandemic ends what will cancellations look like/ 2ND is the mouse. Given the Fed and it's desire to control the long end of the rate curve I do not see their ginormus debt load as the problem it would be in a rising rate environment.
The very fist touch of EMA20 in 2+ hours so watch for EMA buy setup.
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Most indices are ready for right shoulder to form. IWM is the strongest. Utilities looks bottoming? the weakest of them all bigger picture. If you are bearish, look for right shoulder,Bullish looks for the right shoulder to fail.
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Intraday price action: buyers are fighting to keep the morning high, today I am expected a lower close. <3784 will be better for bearish view, if not then I may have to close out my swing overnight position. one more hour to go.
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AK84 wrote:cobra or Any one have any thoughts on NFLX post ER ? My guess is it goes up .
Anyone ??
Quick glance on a daily is: Range bound with bearish bias.
Also a quick glance. NFLX daily Point and Figure. Longer term view. Agree with BnB52x. In a bearish range. Closing down the platform. Have a good afternoon, Everyone.
Charts posted are not recommendations. They are just a sharing of information.
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AK84 wrote:cobra or Any one have any thoughts on NFLX post ER ? My guess is it goes up .
Anyone ??
Quick glance on a daily is: Range bound with bearish bias.
Also a quick glance. NFLX daily Point and Figure. Longer term view. Agree with BnB52x. In a bearish range. Closing down the platform. Have a good afternoon, Everyone.
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The chart to me is in a range, no clear direction but the line will not hold another test at it's been tested so many times already.
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