🔥 Market Overview (Netflix - NFLX)
Trend: Strong bullish trend with continued higher highs and higher lows.
Key Levels:
Support: $1036 (Supertrend support)
Resistance: $1064+ (Recent high)
Indicators:
EMA 9: $1045 – Price is above short-term EMA, confirming bullish momentum.
EMA 200: $931 – Long-term bullish structure remains intact.
Supertrend: Still indicating a buy signal.
MACD: Bullish momentum remains strong with a wide gap between MACD and signal line.
RSI: 76.19 – Overbought zone, indicating a potential short-term pullback.
🔥 Scalping Strategy
🩸 Momentum Scalping (Preferred Strategy)
Buy near: $1045, targeting $1064+.
Sell near: $1064-$1070, targeting a quick retrace to $1045.
Stop-loss: Below $1035 (break of Supertrend support).
🩸 Breakout Scalping (If $1064 Resistance Breaks)
Buy above: $1064, targeting $1080.
Stop-loss: Below $1055 to limit downside risk.
🩸 Range Scalping (If Pullback Occurs)
Buy around: $1036-$1040, targeting $1055.
Sell near: $1055-$1060, targeting a drop back to $1040.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bullish continuation likely as long as price stays above $1036.
RSI overbought condition suggests possible short-term retracement before further upside.
If $1064+ holds, next targets: $1080-$1100.
If rejected from resistance, expect a dip to $1036-$1040 for re-entry.
🔥 News & Market Context
No visible major negative catalysts; strong technical momentum.
General market sentiment remains bullish for tech stocks.
Options data and volume spikes suggest institutional buying.
🔥 Decision:
🩸 Short-term: Scalp buy at $1045 with a target of $1064-$1070.
🩸 Mid-term: Hold long positions above $1036, targeting $1080-$1100.
🩸 Ideal Play: Buy the dip to $1036-$1040, take profit near $1065+.
👑 Final Verdict:
Netflix remains in strong bullish momentum, but short-term pullbacks are expected due to RSI overbought levels. Look for dip buys and breakout confirmation above $1064 before expecting further rally to $1080+.
🔥 LucanInvestor's Quote:
"A strong trend rewards patience. The weak exit early—winners ride momentum." 👑
Trend: Strong bullish trend with continued higher highs and higher lows.
Key Levels:
Support: $1036 (Supertrend support)
Resistance: $1064+ (Recent high)
Indicators:
EMA 9: $1045 – Price is above short-term EMA, confirming bullish momentum.
EMA 200: $931 – Long-term bullish structure remains intact.
Supertrend: Still indicating a buy signal.
MACD: Bullish momentum remains strong with a wide gap between MACD and signal line.
RSI: 76.19 – Overbought zone, indicating a potential short-term pullback.
🔥 Scalping Strategy
🩸 Momentum Scalping (Preferred Strategy)
Buy near: $1045, targeting $1064+.
Sell near: $1064-$1070, targeting a quick retrace to $1045.
Stop-loss: Below $1035 (break of Supertrend support).
🩸 Breakout Scalping (If $1064 Resistance Breaks)
Buy above: $1064, targeting $1080.
Stop-loss: Below $1055 to limit downside risk.
🩸 Range Scalping (If Pullback Occurs)
Buy around: $1036-$1040, targeting $1055.
Sell near: $1055-$1060, targeting a drop back to $1040.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bullish continuation likely as long as price stays above $1036.
RSI overbought condition suggests possible short-term retracement before further upside.
If $1064+ holds, next targets: $1080-$1100.
If rejected from resistance, expect a dip to $1036-$1040 for re-entry.
🔥 News & Market Context
No visible major negative catalysts; strong technical momentum.
General market sentiment remains bullish for tech stocks.
Options data and volume spikes suggest institutional buying.
🔥 Decision:
🩸 Short-term: Scalp buy at $1045 with a target of $1064-$1070.
🩸 Mid-term: Hold long positions above $1036, targeting $1080-$1100.
🩸 Ideal Play: Buy the dip to $1036-$1040, take profit near $1065+.
👑 Final Verdict:
Netflix remains in strong bullish momentum, but short-term pullbacks are expected due to RSI overbought levels. Look for dip buys and breakout confirmation above $1064 before expecting further rally to $1080+.
🔥 LucanInvestor's Quote:
"A strong trend rewards patience. The weak exit early—winners ride momentum." 👑
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.