Netflix NFLX Investment Analysis and Advice

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Source: Stock Traders Daily

Longer Term Trading Plans for NFLX
  • Buy NFLX over 197.56 target 308.78 stop loss @ 196.99 Details
  • The technical summary data tells us to buy NFLX near 197.56 with an upside target of 308.78. This data also tells us to set a stop loss @ 196.99 to protect against excessive loss in case the stock begins to move against the trade. 197.56 is the first level of support below 227.745 , and by rule, any test of support is a buy signal. In this case, support 197.56 is being tested, a buy signal would exist.

  • Short NFLX under 308.78, target 197.56, stop loss @ 309.67 Details
  • The technical summary data is suggesting a short of NFLX as it gets near 308.78 with a downside target of 197.56. We should have a stop loss in place at 309.67though. 308.78 is the first level of resistance above 227.745, and by rule, any test of resistance is a short signal. In this case, if resistance 308.78 is being tested, a short signal would exist.

Swing Trading Plans for NFLX
  • Buy NFLX over 228.66, target 246.31, Stop Loss @ 228 Details
  • If 228.66 begins to break higher, the technical summary data tells us to buy NFLX just over 228.66, with an upside target of 246.31. The data also tells us to set a stop loss @ 228 in case the stock turns against the trade. 228.66 is the first level of resistance above 227.745, and by rule, any break above resistance is a buy signal. In this case, 228.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NFLX near 228.66, target 197.56, Stop Loss @ 229.32. Details
  • The technical summary data is suggesting a short of NFLX if it tests 228.66 with a downside target of 197.56. We should have a stop loss in place at 229.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 228.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NFLX
  • Buy NFLX over 228.66, target 231.98, Stop Loss @ 228.13 Details
  • If 228.66 begins to break higher, the technical summary data tells us to buy NFLX just over 228.66, with an upside target of 231.98. The data also tells us to set a stop loss @ 228.13 in case the stock turns against the trade. 228.66 is the first level of resistance above 227.745, and by rule, any break above resistance is a buy signal. In this case, 228.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NFLX near 228.66, target 224.34, Stop Loss @ 229.19. Details
  • The technical summary data is suggesting a short of NFLX if it tests 228.66 with a downside target of 224.34. We should have a stop loss in place at 229.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 228.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NFLX Ratings for August 04:

Term → Near Mid Long
Rating Strong Strong Weak
P1 0 0 92.08
P2 224.34 228.66 197.56
P3 231.98 246.31 308.78

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Prudent Investment Analysis requires observations of the support and resistance levels for Netflix (NASDAQ: NFLX) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NFLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NFLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Evitar Corte monitors the FOMC for Market Crash signals:

Fundamental Charts for NFLX: