Netflix, Inc. is still the number one subscription streaming entertainment service in the world in 2021. There are a few streaming entertainment companies like Amazon Prime, Disney Plus, HBO but NetFlix is definitely the one to be beaten. Netflix (NASDAQ: NFLX) keeps getting better and better in a world that is locked down again under the effects of the coronavirus pandemic in what they call the third wave.
It reminds me of one of those apocalyptic American moves where an asteroid or a huge tsunami would end the world as we know it. Netflix is getting more and more subscribers joining their streaming services and the stock is printing all-time highs over and over again.
Netflix (NASDAQ: NFLX) has broken all-time high again and created a new weekly demand imbalance around $474 per share that has gained control as expected. In a previous Netflix (NASDAQ: NFLX) supply and demand stock analysis shared with you last August 2020, I mentioned the strong imbalance located at $474 per share and how we should expect strong reactions from there. Netflix stock has broken all-time highs again as expected and it is in the process of creating a new imbalance around $510. The stock has rallied about 25% since the supply and demand stock analysis was shared with you a few weeks ago.
There is definitely a long term long bias for Netflix stock, so only buying shares of Netflix are allowed, or even bullish options strategies that are neutral to bullish because that’s what the bigger picture supply and demand trend analysis is telling us to do. Hopefully, Netflix stock will move much higher and give us a nice profit. You can use smaller timeframes or even other stock trading strategies to buy shares of Netflix stock.
This is the kind of price action technical analysis you will learn in our trading community, not only for Netflix (NASDAQ: NFLX) stock. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on Netflix (NASDAQ: NFLX) stock.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy Netflix (NASDAQ: NFLX) CFD (contracts for difference) if you are in a country where it’s allowed.
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.