Did research into the past 6 earnings reports of Netflix, and the respective price movement both the day of, as well as the next day. Given that $NFLX announces earnings after hours, a lot is riding on the next day (this case, the 18th). In the past 6 ER I've studied, Netflix has the potential to rise a lot, as well as fall. Given that Netflix has surpassed its subscriber goal as well as taken initiatives to cut costs in Q4, it's looking quite bullish. 4/6 times NFLX has gained following ER's, and once even when they missed earnings. I drew a simple resistance line that I think could be reached easily given the possible volatility of movements that I've gathered from past reports.
Given positive news for earnings, NFLX will likely see majority of movement after hours, and spike the next day pre market as well as in the beginning of the trading session. In 50% of cases, the day following the Earnings Report see's a fall, in the other 50% a rise in price. The rises are more dramatic than the falls.
Take what you will from this information, and let me know if I'm missing anything.
I decided to go with just a simple resistance line because for something as big as the first FANG earnings report of the year, every bozo on wallstreet will be trading according to expectation and sentiment, not necessarily MA bounces and MACD. Tomorrow will be a day public opinion and action sways this stock more than anything else, or at least that my opinion.
Given positive news for earnings, NFLX will likely see majority of movement after hours, and spike the next day pre market as well as in the beginning of the trading session. In 50% of cases, the day following the Earnings Report see's a fall, in the other 50% a rise in price. The rises are more dramatic than the falls.
Take what you will from this information, and let me know if I'm missing anything.
I decided to go with just a simple resistance line because for something as big as the first FANG earnings report of the year, every bozo on wallstreet will be trading according to expectation and sentiment, not necessarily MA bounces and MACD. Tomorrow will be a day public opinion and action sways this stock more than anything else, or at least that my opinion.