Netflix $NFLX is Strong on a Near term, Midterm, and Longer Term Basis, Shown in Charts and Graphs
Netflix (NASDAQ: NFLX) is Strong on a Near term, Midterm, and Longer Term Basis, Shown in Charts and Graphs below. Important: check the date of this report and update it as needed. The Data changes over time.
Review the Trading Plans:
Long Term Trading Plans for NFLX
June 25, 2018, 1:22 pm ET
The technical Summary and associated Trading Plans for NFLX listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for NFLX. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
NFLX - (Long) Support Plan
Buy over 371.66 target 420.35 stop loss @ 371.4.
The technical summary data tells us to buy NFLX near 371.66 with an upside target of 420.35. This data also tells us to set a stop loss @ 371.4 to protect against excessive loss in case the stock begins to move against the trade. 371.66 is the first level of support below 385.808 , and by rule, any test of support is a buy signal. In this case, support 371.66 is being tested, a buy signal would exist.
NFLX - (Short) Resistance Plan
Short under 420.35 target 371.66 stop loss @ 420.61
The technical summary data is suggesting a short of NFLX as it gets near 420.35 with a downside target of 371.66. We should have a stop loss in place at 420.61 though. 420.35 is the first level of resistance above 385.808, and by rule, any test of resistance is a short signal. In this case, if resistance 420.35 is being tested, a short signal would exist.