ONLINE FOREX BROKER
2021-08-25 • Updated
Netflix stock is one of those which underperformed during the first half of 2021, and it looks like it’s time to catch up. Netflix looks like a great option for a long trade. In its campaign to upend the entertainment industry, Netflix has accomplished what few companies ever manage: its brand name has become a verb. Since introducing Netflix originals in 2013, the company has produced over 2,300 titles, which now represent over 35% of all content on its platform. Netflix reported worse than expected results after Q2, but it didn’t hurt the stock as the price gained 8% and demonstrated the biggest run since April.
Netflix, weekly chart
Bulls have been accumulating powers since the middle of April according to the RSI. A week ago, the indicator broke the resistance line of the declining channel and gained 8% shortly. The potential is not over and after a small correction the stock will grow shortly. Every correction can be сconsidered as buy opportunity in this case.
Nvidia presented the magnificent Q2 earnings report. Actual revenue outperformed analytical predictions by 3% and EPS by 2% higher than expected results.
Such results were caused by video card mania, which appeared as crypto market hyped. Crypto users use video cards to mine coins, that’s why prices skyrocket in Q2.
Nvidia stock price and crypto market correlate as it is clear for everybody that crypto miners create the most demand for Nvidia’s products. That’s why analysts expect a strong Q3 earnings report.
Nvidia stock is a good choice to buy right now as the crypto market gains and video cards prices renewing their all-time highs.
Nvidia, 4H chart
Nvidia stock price has formed the rising triangle pattern. The target is measured as the vertical line connected the lowest point of the pattern and the resistance level. In this case, the target will be $230. The pattern will be declined if the price breaks through the $208 support level.
Alibaba stock dropped by 50% since November 2020. IT sector was pressured by the Chinese government and lots of traders and investors lost their trust in the Chinese stock market.
That’s the greatest moment to buy! As Warren Buffet said, “buy when others are fearful”. Alibaba doesn’t have any business issues and it is still one of the world's biggest online commerce company so there is doubt that the price will recover losses shortly.
During its way down Alibaba stock left many “gaps” and gaps always must be closed (at least if the company is about to become bankrupt).
Alibaba, daily chart
Alibaba fell deep according to the RSI as well. The first target will be to close the gap at $182 and the second goal is $200.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
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