{"id":12665,"date":"2022-10-19T06:55:01","date_gmt":"2022-10-19T06:55:01","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12665"},"modified":"2023-05-16T06:59:35","modified_gmt":"2023-05-16T06:59:35","slug":"netflix-15-near-the-1d-ma200-for-the-first-time-since-january","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/19\/netflix-15-near-the-1d-ma200-for-the-first-time-since-january\/","title":{"rendered":"NETFLIX +15% near the 1D MA200 for the first time since January!"},"content":{"rendered":"

 <\/p>\n

Netflix (NFLX) had its highest daily opening in over one year, rising so far +15.21% form a 240.86 close yesterday to a 277.50 intra day peak. This is of course a fundamental move due to the big earnings surprise yesterday (3.1 EPS against a 2.18 forecast). Technically, this brings the price just below the 1D MA200 (orange trend-line), which has been untouched since January 05 2022!<\/p>\n

A break above it has to be backed-up by new fundamentals though as there is a strong Resistance Cluster formed by both the 0.382 Fibonacci retracement level and the top (Higher Highs trend-line) of the Channel Up that started in mid-May. If that rejection occurs, then buying again on the 1D MA50 (blue trend-line) would be the most optimal low risk strategy, targeting just below the 0.5 Fibonacci level at 330.00. Further long-term buys can be taken, in our view, only above the 0.618 Fib which is the top of the High Volatility Zone of January – April 2022.<\/p>\n

P.S. Check our previous analysis on Netflix in an attempt to price a good long-term buy. Has been working out very well so far:<\/p>\n

\"NETFLIX<\/a><\/div>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NFLX\/p5ATZtHq-NETFLIX-15-near-the-1D-MA200-for-the-first-time-since-January<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Netflix (NFLX) had its highest daily opening in over one year, rising so far +15.21% form a 240.86 close yesterday to a 277.50 intra day peak. This is of course a fundamental move due to the big earnings surprise yesterday (3.1 EPS against a 2.18 forecast). Technically, this brings the price just below the<\/p>\n","protected":false},"author":611,"featured_media":12666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-12665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12665"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12665\/revisions"}],"predecessor-version":[{"id":12668,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12665\/revisions\/12668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12666"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}