Netflix (NASDAQ: NFLX) has broken all-time high as expected and mentioned in a previous NetFlix stock forecast again. NetFlix created a new weekly demand imbalance around $474 per share that has gained control as expected. You will be able to see in the stock trading analysis for NetFlix below. The imbalance has been playing out as expected with Netflix (NASDAQ: NFLX) moving about $100 in a few weeks.
See below the before and after supply and demand analysis for NetFlix stock analysis. NetFlix stock forecast shared with you a few weeks ago has played out as expected. No need for any fundamental analysis for the stock. We do not need to overcomplicate our stock trading strategy with layers of complexity because trading should be as simple as possible. A mechanical set of rules that can be understood and applied like a robot without any emotions involved.
There is definitely a long term long bias for Netflix stock, so only buying shares of Netflix stock around $474 should be 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.
The analysis above for NetFlix stock 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 pull back 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. You can also use stock 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.
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