NFLX crashed today And on a technical analysis basis, also confirmed a topping pattern on the chart. NFLX had been one of the best performing stocks of the year, and now it is down over 15% from its all-time highs. Even though the stock market sold off pretty big today, still the sell-off in NFLX
Traders are dog piling into NVDA and NFLX, along with TSM.
$DIS bull flag pattern, but also playable is the bounce off of the 50-day and 200-day moving averages. Keep watching the bull flag in $NFLX...not in play today, but could be in the new year. T2108 (% of stocks above their 40-day moving average) remains extremely overstretched and seeing some divergence in the last three
Tesla (TSLA) and Netflix (NFLX) stocks have both reported earnings with drastic gaps in opposite directions. Now that earning is over, what should swing traders do in terms of trading both NFLX and TSLA and what support and resistance levels should we be watching?
Big break this week for $AMZN weekly chart. Needs to hold this level into the close tomorrow. $NFLX support levels to watch. Very little reason for me to want to play this bounce so far. No basing taking place, and support has yet to hold. $CVNA inverse head and shoulders going back to May '22.
$COIN finally starting to break out of the declining channel from mid-July. Very little resistance overhead from here to continue to the climb. Imagine getting stopped out on a random 7% drop mid-day for no reason at all on $ORCL. No news that I can find anywhere. $SBUX breaking below key support with little support
I'm watching to see if $AMD pulls back to the rising trend-line from the Nanuary lows. If that Holds it could create a nice bounce opportunity. $NFLX attempting to finish off this head and shoulders topping pattern. Watch for $SOFI to retest year long support. If it can hold this level, it could provide a
$NVDA posting a 99 stochastics reading on a monthly chart is next level crazy.
$MMM with a triple bottom breakout, followed by a pullback to the b/o level which it is now attempting to hold and bounce off of.
Heavy sell-off yesterday in $NFLX has price completely reversed and attempting to break out of the bull flag pattern.