Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
NETFLIX stock: acceleration period
2020-07-09 • Updated
Strategically, the last decade may be divided into four alternating periods of this stock’s performance. Periods 1 (2013-2015) and 3 (2018-2019) follow a milder upward inclination, while periods 2 (2016-2017) and 4 (2019 - 2020) are more vertically aggressive. So the question for Netflix is: how long will the company be able to generate enough revenue to fuel the current accelerated growth?
From the mid-term perspective, currently, the price is slightly above the upper border of the channel marked as Period 4 in the above chart. There is a fundamental reason for that – the virus increased the demand for Netflix’s services. However, sooner or later, a retrace will be there. In line with this assumption, $470 appears to be a more stabilized baseline level for this stock to come to as it is now overheated. After that, however, it will go up again.
Keep in mind: on Thursday, July 16, at 2300 MT time Netflix is announcing the Q2 financial performance - that will have it's impact on the mid-term performance. Watch out!
Your plan to trade Netflix:
- You download the Metatrader 5 .
- You open the MT5 account in your personal area.
- After that, open all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...