Can NFLX make it the fourth straight double beat? Netflix (NFLX) is set to report Q1 earnings after the market closes on Thursday. In this video, I break down my expectations for the earnings event, as well as provide my technical analysis. With ambitious goals like doubling revenue by 2030 and reaching a $1 trillion
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
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
Big break this week for Amazon (AMZN) weekly chart. Needs to hold this level into the close tomorrow. Netflix (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. Carvana (CVNA) inverse head and shoulders going back
Coinbase Global (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 Oracle (ORCL). No news that I can find anywhere. Starbucks (SBUX) breaking
I'm watching to see if Advanced Micro Devices (AMD) pulls back to the rising trend-line from the Nanuary lows. If that Holds it could create a nice bounce opportunity. Netflix (NFLX) attempting to finish off this head and shoulders topping pattern. Watch for SoFi Technologies (SOFI) to retest year long support. If it
Nvidia (NVDA) posting a 99 stochastics reading on a monthly chart is next level crazy. Costco (COST) still confined to a triangle pattern, but nearing a retest of support underneath. Netflix (NFLX) facing stiff push back against long-term resistance. Don't get me wrong - incredible rally today, but be mindful of the challenge above.
$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. Â