Don't call it a comeback!
Relive the glory of the Jordan Retro 6 'Olympic' launching online and in-store Saturday, August 3rd at 10 AM EST.
#snipesusa#snipesknows#gotitfromsnipes
$NFLX daily / overview
Netflix's stock price is currently right around $670.
Let's dive into the chart first and foremost.
Chart breakout -- bull flag breakout staring us in the face.
1. Moving Averages
- 50-day and 200-day Moving Averages**: Netflix is currently trading above both its 50-day and 200-day moving averages. The recent golden cross, where the 50-day MA crosses above the 200-day MA, is a bullish indicator, suggesting continued upward momentum. I have seen this play out over and over again
- Support and Resistance: The 50-day MA at approximately $640 and the 200-day MA at about $590 provide intense support levels. A loss of $640 would result in a breakdown (I do not see this happening currently)
2. Fib levels
- Fibonacci Retracement Levels: Using the recent swing low of $500 to the swing high of $700, key retracement levels are:
- 23.6%: $652
- 38.2%: $620
- 50%: $600
- 61.8%: $580
- The stock has respected these levels, with recent price action showing support around the 23.6% and 38.2% retracement levels.
- Fibonacci Extensions: Using the same swing low and high, Fibonacci extension levels suggest potential upside targets:
- 1.272 extension: $750
- 1.618 extension: $800
- currently, I have a -.236, bringing us to $806.
3. Imbalances
- Bullish Imbalances: There are areas of bullish imbalances where significant buying volume occurred, notably around $650 and $620, which act as support levels.
- Bearish Imbalances: There are minor bearish imbalances near $700, indicating some resistance at this level. However, the overall bullish momentum suggests these may be temporary hurdles.
We had some recent PT upgrades which spark additional bullishness as well.
- Goldman Sachs: Increased the price target from $700 to $750, citing strong subscriber growth and a robust content lineup.
- Morgan Stanley: Upgraded the price target from $720 to $780, emphasizing Netflix’s expanding international presence and innovative content strategy.
- JP Morgan: Raised the price target from $710 to $760, pointing to the company’s resilient business model and increasing average revenue per user (ARPU).
Current Fundamentals:
1. Subscriber Growth: Netflix continues to experience strong subscriber growth, driven by its diverse content portfolio and international expansion. The company is leading in many key markets, supporting its long-term growth prospects.
2. Content Investment: Netflix’s significant investment in original content differentiates it from competitors and attracts new subscribers. High-quality, exclusive content ensures subscriber retention and adds value to the platform.
3. **Revenue and Profitability**: Netflix has demonstrated consistent revenue growth and improved profitability. The company’s ability to monetize its subscriber base effectively is reflected in its increasing ARPU.
1. **Original Content**: Continued investment in original programming is a significant growth driver, attracting and retaining subscribers.
2. **International Markets**: Expanding presence in emerging markets where internet penetration is increasing presents a significant growth opportunity.
3. **Product Enhancements**: Enhancements in streaming quality, user experience, and innovative features such as interactive content can drive subscriber engagement and growth.
💚 this tweet and get a special reminder for Fooji’s #HuluHasMovies#Sweepstakes all weekend! NO PURCH NEC. Void Where Prohibited. While supplies last. Open to the 50 U.S. and D.C. Begins 12:00 PM PT & Ends 6:00PM CT daily from 10/6 to 10/8. 18+.
Rules: https://t.co/ct4gjhauuA
💚 this tweet and get a special reminder for Fooji’s #HuluHasMovies#Sweepstakes all weekend! NO PURCH NEC. Void Where Prohibited. While supplies last. Open to the 50 U.S. and D.C. Begins 12:00 PM PT & Ends 6:00PM CT daily from 10/6 to 10/8. 18+.
Rules: https://t.co/ct4gjhauuA
Supreme/Nike SB Rammellzee Dunks Secured ✅
With a limited user base, QuickCop stood out as an iOS app securing users over 2K+ SB dunks on drop. As I continue making this app a beast, I can't wait to share what's in the works!
RT + Follow for a chance to win a copy! 😎💙
Peacock and JetBlue have streamed up—and we’re celebrating with a planeload of prizes including a JetBlue Vacations package, JetBlue travel certificates, Peacock subscriptions, travel swag & more. To enter, tell us where you’d JetBlue and what you’d Peacock on board in the comments with #PeacockJetBlueSweepstakes ✈️🦚
No purchase necessary. Open to US/DC/PR Residents 18+. Ends 8/7/23 8PM ET. Void where prohibited. Rules: https://t.co/ZlUQTycSpM