Related Topics
Stocks , Trading
     

Netflix Stock Sets New Record: Live Stream Elliott Wave Opportunity

by Nico Isaac
Updated: May 21, 2020

I'm Nico Isaac and THIS is chart of the Day.

Netflix Stock Sets New Record: Live Stream Elliott Wave Opportunity.

Netflix Inc. may be a leading provider of entertainment -- but for investors, the real source of binge-worthy drama has been streaming in the company's stock.

This chart of the media giant shows that, since mid-March, prices have leapt higher than one of Joe Exotic's tigers with a record high on May 19.

chart1 

Mainstream experts cited one obvious CAT-alyst for the rally: the coronavirus lockdown, which, in turn, increased demand for at-home diversions. Writes one May 15 CNBC:

"Demand is off the charts right now, and it's the integral driver for Netflix. It's a massive market and people aren't going to go to the movies... It creates almost a perfect storm to the upside."

Where, then, was that "perfect storm to the upside" as recently as mid- March -- when the pandemic lockdown was taking full effect, and yet Netflix shares stood at a three month... LOW?

Answer: Far from an "upside storm," conventional wisdom said the opposite. In March, these sources worried the stay-at-home orders amounted to a bearish setback for Netflix.

March 10 Barron's "Coronavirus Could Actually Hurt Netflix Stock"

March 11 Yahoo Finance! "Netflix Could Be Laid Low by Coronavirus"

March 10 Forbes: "Three Reasons the Coronavirus Bad Business for Netflix"

Explained one March 16 CNBC

"People staying at home may be streaming more Netflix, but that doesn't mean the stock is coronavirus proof. The streamer does not benefit from an increase in viewing hours due to its flat-rate subscription and lack of advertising."

If anything, record unemployment and drastic belt-tightening made Netflix a candidate for the non-essential chopping block. The notion that its share price would reverse course and turn up in a historic rally was NOT on the mainstream radar.

It was, however, on the Elliott wave radar -- as far back as January.

In his January 28 Trader's Classroom, editor Jeffrey Kennedy identified a triangle underway on Netflix's price chart. This meant prices would see two main phases in the months ahead. "Further sideways price action, and then further rally."

chart2

Price continued sideways in February and the first half of March - up, then down below $300 per share before the closing low on March 16th. From there, Jeffrey's call for further rally took on speed.

In the April 2 Trader's Classroom, Jeffrey revisited Netflix, confirming the larger uptrend was in full force and it was time to embrace the upside with this bold arrow pointed higher.

chart3

From there, the angle of ascent was straight up, as prices gained $80-plus per share.

Whether people continue to binge-watch Netflix remains to be seen. Right now, however, Trader's Classroom is streaming high-confidence trade set-ups LIVE on the price charts of the biggest names in media, technology, finance, telecommunications, retail, and more.

3 Steps. 30 Days.

Your Accelerated Track to Better Trading.

You know that beating the markets is hard. We get it. And we can help.

With our "30 Days to Better Trading" Plan, in just 30 days, you'll learn to spot true Elliott setups. So you can skip the "maybes" or "hopefuls" and commit your risk capital to high-confidence moves instead.

Imagine the change this could make for your trading account.

Your "30 Days to Better Trading" Plan:
Start Seeing Real Opportunities Clearly

We've put together this risk-free 30-day plan to give you all the tools you need to spot the real trading opportunities FAST. During this track, you'll engage multiple, important learning steps at the same time. Studies show this combination of 1. Understanding/trigger, 2. Action, 3. Reward is the most effective way for people to quickly adopt a new process.

Step 1

Get a Solid Understanding

Your learning track starts with the all-important basics. The Wall Street bestseller Elliott Wave Principle: Key to Market Behavior is the most comprehensive guide to understanding Elliott waves. This book will teach you the rules and guidelines and help you apply them in any liquid financial market. Yours when you join our "30 Days to Better Trading" plan.

Step 2

See Proven Trading Actions

Put what you learned in Step 1 into practice. The Wave Principle Applied is a fast-paced, 1-hour video in which your instructor Jeffrey Kennedy shows you how to spot actionable price patterns and formulate trading strategies. Jeffrey shows you the simple, step-by-step, time-proven process. That's another important resource you get with your "30 Days to Better Trading" plan.

Step 3

Apply Your Knowledge to Real-Time Market Opportunities

Here is where the rubber really meets the road. Throughout your "30 Days to Better Trading" plan, Jeffrey Kennedy is your hands-on trading instructor via Trader's Classroom.

Three times a week, you get short, punchy video trading lessons -- often drawn from a real-time, high-confidence setup. Jeffrey carefully walks you through specific strategies, risks and rewards. If you have a question and can't find the answer in the included archives, just send Jeffrey a message.

It's a 30-day mentorship track from a veteran Elliott wave trader and instructor... again, yours as part of your "30 Days to Better Trading" plan.


Separately, these trader-focused resources would cost you $205.

Your "30 Days to Better Trading" plan gives you all of them for just $77.

Act now -- and mark your calendar.

In 30 days, you will look back at today as the day you took your first step toward turning any ordinary price chart into a plan of action.

$77