Looking Over Patterns With Netflix Stock | $NTFX Technical Analysis

TL;DR

Netflix is experiencing some market manipulation, making it a risky stock to trade. The resistance levels and low volume make it challenging for Netflix to break through. Google is showing range-bound behavior and can be traded using the Bollinger Bands as a gauge.

Transcript

all right guys let's take a look at netflix they have an insane amount of subscribers uh we had great we had big news actually just let me highlight it here on this chart while we're looking right here in this big gap that's where they said that they had some insane amount of subscribers they just crossed a milestone which is pretty incredible that... Read More

Key Insights

• 🍉 Netflix has reached a milestone in terms of subscribers, highlighting its popularity.
• 🙊 Market manipulation is evident in Netflix's stock price, with a significant pullback from its peak.
• 📣 Gaps in Netflix's stock chart indicate potential volatility and unpredictability.
• 🍳 Resistance levels pose challenges for Netflix to break through and experience substantial upward movement.
• 🔈 Low trading volume in Google makes it difficult for the stock to make significant price movements.
• 🧡 Bollinger Bands can be used as a tool to gauge range-bound behavior in Google's stock price.
• 😀 Google's stock price tends to face resistance at specific levels, making it challenging to break through.

Questions & Answers

Q: What evidence of market manipulation is observed in Netflix's stock price?

The bid and ask price difference in Netflix indicates manipulation, with the stock price pulling back significantly from its peak. The wick in the chart shows how the price reached a high but quickly dropped back down, suggesting manipulation by market makers.

Q: Why is it difficult for Netflix to break through resistance levels?

Netflix tends to face resistance at certain price levels, making it challenging to break through and experience significant upward movement. This resistance is further strengthened by the presence of moving averages, indicating strong support from traders.

Q: How can Bollinger Bands be used to gauge Google's stock price movement?

Bollinger Bands can provide insights into the range-bound behavior of Google's stock price. When the bands are expanding, it suggests increased volatility and potential price movements. Conversely, when the bands are narrowing, it indicates consolidation and range-bound trading.

Q: What trading strategies are recommended for Netflix and Google?

For Netflix, due to market manipulation and resistance levels, it is advisable to wait for significant price movements supported by high trading volume. For Google, traders can use Bollinger Bands as a gauge for potential price ranges and consider trading within that range.

Summary & Key Takeaways

• Netflix has crossed a milestone with a large number of subscribers, indicating its popularity. However, market manipulation is evident with the stock's price pulling back from its peak.

• The presence of gaps in Netflix's stock chart suggests volatility and unpredictability in its movement.

• Google is facing resistance levels and low trading volume, which makes it challenging to make significant price movements.