NFLX Netflix Inc. Stock Analysis and Buying Opportunity Update: TP3 Reached

NFLX Netflix Inc. Stock Analysis and Buying Opportunity

We are adding a new stock to our watchlist: NETFLIX

NFLX Overview

Netflix’s on-demand streaming model has spawned into an entire industry. Today the company, which dethroned HBO’s 17-year run on the top of the Emmy nomination list, boasts 137.1 million subscribers worldwide—a 25% jump from the year-ago period.

Netflix has focused on international and indie-style expansion, as well as bigger budget projects featuring A-list Hollywood stars. And only five years after it truly started to produce its own original content, Netflix is poised to spend $13.4 billion on TV shows and movies in 2018, according to Goldman Sachs

The popularity and “must-watch” factor of its content will play a key role going forward as it faces competition from the likes of Amazon (AMZN ) and soon enough Apple (AAPL ) AT&T, and Disney.

Netflix Outlook

Looking ahead, Netflix’s Q4 earnings are projected to sink over 39% according to the market participants consensus. Luckily, the firm’s adjusted full-year earnings are projected to skyrocket 110%. And the company’s fiscal 2019 EPS figure is expected to come in 57%.

At the other end, NFLX’s Q4 revenues are projected to climb 28% to reach $4.21 billion. Meanwhile, the company’s fiscal 2018 revenues are projected to reach $15.84 billion, which would mark a 35.5% surge. Netflix’s top line is then expected to jump 26% above our current year estimate in 2019.

Technical Overview:

U.S Stock Market sell-off sent the stock 9 months low and the stock ended the week at 265 $. Now we are in a HOLD mood.

The stock is trading within a broadening wedge formation. A Bullish Alt Bat pattern is being printed on the weekly chart. NFLX is likely to test 250 $. We will look for a buying opportunity at 250 – 245 region with a stop loss below 220 $. Our targets will be 270 $, 300 $ and 320 $.

You may follow the setup : NFLX Netflix Srock Analysis

Update: TP1 Reached. As seen on the chart, the breakout of 270 will carry the price 295.

Update: Jan 4h 2019: We have reached our second target 295. $. The Stock ended the week at 297 resistance.  Now we take some profit and move our Stop Loss to entry. We will focus on the breakout of 297. Our next target is 310 $. Good Luck!

Update: We have reached our target. Another bullish candle and we set the new target 340. I will update at 340. The real bullish game will start above 340.

Trading’s got nothing to do wiht luck!!

Note: I have two stocks on my watchlist. I will publish soon. I believe those two stocks will give us great profit opportunities. Let us wait a bit more.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

NFLX Netflix Inc. Stock Analysis: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.