This is a great entry point for a long position. Daily 8 ema turned up for the first time in about 15 days signaling strength on the upside. The close was above the daily 8 ema for the first time in about 10 days also signaling strength to the upside.
Only concern is the directional movement stats. -DI still over +DI on daily chart.
1st resistance is the bband\basis trend line ( $ 30.13 ). 2nd resistance is the daily 50dma ( $ 37.25 )
I'm all in Monday morning ..
Andrew.. I agree with your tactics of finding stocks that have been 'beat down'. Question, how exactly are you finding these types of stocks ( formula scan, service, etc .. ) Just curious. I'd like to compare notes. Thanks .. Ricky
article released .. It is NOT good news !!
You are correct .. if you're looking at a Daily chart ( $ 574 ) .. But I said on a Weekly chart .. this is what to look at because the price has obviously broke the 200 ma resistance on the daily's ..
Next strong resistance is $ 364 ( 200 ma on the weekly chart ) .
It's got some more room to drop ( unfortunately )
NFLX is currently showing several signs of weekness ( in my opinion ) - see below for details :
* Today's close
I agree with your assessment that 12 is the next support .. If the market turns over ( or pulls back for a breather ) , you just may see the 12's late this week or first of next week .
Good Luck !!
* The 5 ema crossed below the 200 ma ( daily view) for the 1st time in over 6-8 months
* RSI decreasing
* Price closed below the 200 ma
* Very Tight Bband squeeze occuring ( price is on he downside of this squeeze - this means that there is a strong possibility that the price will move down should a bband breakout occur )
Recommendations .. if your up , take some profits or set some tight stops.
Good luck !!
Be careful here ..
ETFC closed under the 5 ema for the first time in over 20 days ( Daily View ).. The rsi is decreasing and your about to see a macd crossover to the downside . Also , the nasdaq looks as if it has topped ..
If your long ETFC , you may want to consider taking some profits .
Good luck !!
* The 50 ema is coming down on the 200 ema ( 15 min chart view ) very hard . As of close today, it's almost about to cross under ( the last time the 50 ema was this close to the 200 ema was 1/23/13 ). The cross ( or bounce ) should take place tomorrow. Watch closely becuase this will be a Great indicator on which direction she will go for the rest of the week .
* On a daily chart view , the rsi looks to be weakining, macd (macd) is about to cross under macd (signal), and the A/D indicator is decreasing.
All of the above are possible signs of near-term decrease in share price .
One more thing .. you can probably look for an overall market pullback soon as well due to the 'Tops' that we have reached ( Nasdaq, Dow, S&P )
Good luck ..
The ma's ( 5, 10, and 20 ema ) have now crossed below the 50 ema ( daily - 30 minute view ) .
Price has closed below the 50 ema as well .. These are definately 'bearish' signals ..
Recommendations : Sell and re-take a position at it's next support levels of 123 / 124 per share .
Happy Trading !!
It looks as if the 20 ema crossed below the 50 ema ( daily chart , 30 min view ) for the first time in the last 5 days or so .The price also dipped to a low today as well ..
The rsi is decreasing along with the accumulation .. The price has yet toc lose below the 50 ema but when it does look out .
Also , ir seems like the Nasdaq and Dow are topping out .. Expect a pullback in the overall market very soon .
Recommendation .. sell NFLX ( Takes profits ) and wait for the pullback around 123 or 124 .
Just some thoughts ...
She's just completed 3 ma crossovers to the downside ( 15 min chart ) .
10 ema under 20 ema, 10 ema under 50 ema, 20 ema under 50 ema .
I'd start taking some profits right here if I'm long .. This could get ugly later on this afternoon .
Just food for thought ...