If you check our last Netflix analysis, you'll note we mentioned Netflix stock was one of our biggest regrets of not getting in early enough. We've been looking for an entry and may have something going here with the possible formation of a Head & Shoulders on the way. I don't like playing the what if game because this could very well not happen but it's just something we're watching. As always - We Wait for Confirmation! Otherwise, you're trading based off speculation (gambling). This is a complete Maybe scenario at the moment so we wouldn't take any positions on this just yet, just simply observing.
Possible Head & Shoulders Setup:
We have an up trending neckline forming, a lower left triangle, the Head in the middle with an increase in volume heading towards the bottom of the right side of the head (good for the bears), and we appear to have a peak forming on the right side.
We're not in position at the moment as we're looking for a better entry point as to why we have a Neutral rating for now. This could change with changes in the market. We're simply watching for now. If we do get a confirmed H&S we would be watching $350 level for entry. Will get a better idea as this plays out.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Possible Head & Shoulders Setup:
We have an up trending neckline forming, a lower left triangle, the Head in the middle with an increase in volume heading towards the bottom of the right side of the head (good for the bears), and we appear to have a peak forming on the right side.
We're not in position at the moment as we're looking for a better entry point as to why we have a Neutral rating for now. This could change with changes in the market. We're simply watching for now. If we do get a confirmed H&S we would be watching $350 level for entry. Will get a better idea as this plays out.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.