Netflix Stock My propensity to identify key transition points in Netflix, Inc. (NASDAQ:NFLX) stock has been quite remarkable and a feat that I am quite proud

Time to Act as Netflix Stock Attains Its Objective at $165.00

NFLX Stock: Abiding by the Rules

Netflix Stock My propensity to identify key transition points in Netflix, Inc. <span data-recalc-dims=(NASDAQ:NFLX) stock has been quite remarkable and a feat that I am quite proud" width="300" height="196" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Netflix-Stock-300x196-Small.jpg?resize=300%2C196 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Netflix-Stock-300x196-Small.jpg?w=735 735w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  Netflix Stock My propensity to identify key transition points in Netflix, Inc. (NASDAQ:NFLX) stock has been quite remarkable and a feat that I am quite proud of. Last summer, when I decided to focus on Netflix stock, I had no choice but to carry a neutral view on this investment because the method of analysis I employ suggested that this was the necessary position to hold. That all changed in October 2016, where certain developments suggested that a change in tide had begun, making it necessary to upgrade my neutral position on NFLX stock to a bullish one.

These certain developments I so speak of are all indications that were generated on the company’s stock chart. For anyone not familiar with my work, this method is known as technical analysis. This method of investment analysis is based on using historical price and volume data to project which direction an investment is likely to head in next.

The developments that generated my bullish view were the focus of my publication, “Netflix, Inc.: This Chart Shows Why NFLX Stock Could Explode Higher,” where I outlined the reasons why this view was warranted. On October 11, 2016, when that publication was written, Netflix stock was trading at $104.50.

The following Netflix stock chart illustrates the indication that generated the $165.00 potential price objective.




Netflix Stock

 

Netflix stock chart

 

This NFLX price chart highlights an alternating wave structure in order to define what bullish price action looks like.

This alternating wave structure contains impulse waves and consolidation waves. An impulse wave defines the progression of the stock price as it stages a swift and linear advance. A consolidation wave defines the unwinding of overbought conditions that were created during the preceding impulse wave, creating the necessary conditions so a new advancing impulse wave can develop. These waves essentially feed off each other, and as a result, this creates an environment where a sustainable trend can develop.

If you’re wondering how the $165.00 price objective was obtained, let me explain. The theory behind impulse waves that are separated by a consolidation wave is that they have a tendency to mirror each other in terms of height. This theory was applied to obtain the price objective under the pretense that the initial impulse wave was $85.00 in length, meaning that the impulse wave that follows should match that length.

In accordance with my trading rules, once this objective is met, I am required to pull back from my bullish position. To date, this ideology has not been ill-advised because a pullback has always ensued after the specified level has been attained. The price objective for Netflix stock was met on June 2, 2017.

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Buz Investors PUBLIC SERVICES, IMPROVE PATIENT CARE The Manitoba government is introducing companion pieces of legislation to protect the front-line services relied upon by Manitoba families, deliver better patient care through necessary

MANITOBA INTRODUCES CANNABIS HARM PREVENTION ACT

Legislation Would Provide Tools to Government, Enforcement and Public Health During Transition of Federal Legalization of Marijuana:  Stefanson

Buz Investors PUBLIC SERVICES, IMPROVE PATIENT CARE The Manitoba government is introducing companion pieces of legislation to protect the front-line services relied upon by Manitoba families, deliver better patient care through necessary

Buz Investors CANNABIS HARM PREVENTION ACT The Manitoba government is introducing new legislation that would be focused on harm reduction and public safety as part of its ongoing preparation for federal legalization of marijuana, Justice Minister Heather Stefanson announced today.

This legislation would be an early step by our government to target drug-impaired driving and prioritize the health and safety of Manitoba youth,” said Stefanson.  “As the federal government moves to legalize cannabis, our government is focused on the safety and health of all Manitobans.”

The federal government is expected to introduce legislation in the spring of 2017 to legalize and regulate non-medicinal cannabis use, Stefanson said, noting that actual legalization is not expected until early 2019.  Manitoba’s proposed cannabis harm prevention act would provide tools to government, enforcement and public health during this anticipated two-year gap, she said.




OTHER STORIES BUZ TRADERS SHARE

CANNABIS HARM PREVENTION ACT

The proposed legislation would provide for significant changes to The Highway Traffic Act and related legislation to ensure police agencies are better equipped to deal with drug-impaired drivers.  Specifically, the new legislation would:
• allow for 24-hour driver’s license suspensions if a police officer believes the driver is under the influence of a drug and unable to safely operate a motor vehicle;
• require the Registrar of Motor Vehicles to determine if graduated licensed drivers who receive the 24-hour suspension should face further consequences;
• create an offence for consuming marijuana in or on a vehicle that is on a highway;
• require marijuana to be stored in a secure compartment – for example, the vehicle’s trunk – so that it is inaccessible to people in the vehicle, similar to the rules around open liquor; and
• establish similar restrictions and prohibitions related to marijuana use for individuals driving off-road vehicles.

“Drug-impaired drivers are a real threat to the public, which is why we support any mechanism governments can put in place to reduce the risk,” said Andrew Murie, chief executive officer, MADD Canada.  “Impaired driving is still a serious problem in Manitoba and across the country.  Manitoba’s legislation helps to send the message that driving under the influence of marijuana is dangerous and unacceptable.”

The Manitoba government first announced plans to develop a legislative and regulatory framework to address the dangers of drug-impaired driving, reduce harm to users, and protect children and youth from exposure to marijuana in the 2016 Speech from the Throne.

These interim measures would be re-assessed if new roadside tests for drug improvement are approved for use in Canada, Stefanson said.  Similar legislation allowing for 24-hour driver’s license suspensions is already in place in British Columbia.

The proposed legislation would also make changes to several other acts to ensure they remain relevant and appropriate including:
• The Non-Smokers Protection Act, that would prohibit smoking of marijuana or using an electronic cigarette in any enclosed public place or indoor workplace;
• The Public Schools Act, that would clarify that students using, possessing or being under the influence of marijuana while at school could still face disciplinary consequences even if the federal government legalizes marijuana;
• The Mental Health Act, that would ensure residential patients who are not allowed to receive illicit drugs will continue to be prohibited from obtaining marijuana; and
• The Child Sexual Exploitation and Human Trafficking Act, that would ensure the legislation continues to apply to individuals who use marijuana as a tool to exploit or traffic another person.




‘Still Skeptical’ OPEC’s talks will be informal but can be converted into an extraordinary meeting, which could result in a decision by the group, Boutarfa said. Russia hasn’t received offers from other producers about a possible output cut, and the lack of an agreement in Algiers would not be critical for the country, Russian Energy Minister Alexander Novak said, according to a RIA Novosti report on Sunday.

Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says

Saudis Willing to Act on ‘Critical’ Oil Market, Algeria Says

  • Buz Traders Looking on Believing is Seeing  Critical Oil Market   Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of OPEC producers later this week.
  • Prices tumbled 3.7 percent on Friday after Saudi Arabia signaled that the Algiers meeting will be consultative and unlikely to reach a firm decision.
  • While Noureddine Boutarfa’s comments don’t change that, they suggest OPEC’s leading member may still be willing to work toward the group’s first production curbs since the organization let members produce at will in late 2014, causing prices to plunge. OPEC meets again in Vienna in November

Critical Oil Market OPEC members to hold informal talks

‘Still Skeptical’ OPEC’s talks will be informal but can be converted into an extraordinary meeting, which could result in a decision by the group, Boutarfa said. Russia hasn’t received offers from other producers about a possible output cut, and the lack of an agreement in Algiers would not be critical for the country, Russian Energy Minister Alexander Novak said, according to a RIA Novosti report on Sunday.

Critical Oil Market Crude prices, which have dropped more than half from their 2014 peak amid a global supply glut, rebounded last month on speculation that OPEC and Russia might revive a pact to limit production. Prices have since cooled and Brent crude futures fell 3.7 percent to $45.89 a barrel on Friday, before rising as much as 1 percent on Monday. They were at $46.26 at 7:19 a.m. in Singapore. A reasonable price for Algeria would be a range of $50 to $60 a barrel, Boutarfa said.

“The situation since the last meeting in June has worsened,” said Boutarfa, who’s been involved in talks with Saudi Arabia and other members in the run-up to the meeting. “So it’s important to see what measures can be adopted in the short term and very short term to find a solution to this situation that isn’t helping any OPEC country.”

Others Stories Buz Investors Share

 Critical Oil Market 

Interest_End_of_Summer

‘Still Skeptical’

OPEC’s talks will be informal but can be converted into an extraordinary meeting, which could result in a decision by the group, Boutarfa said.

Russia hasn’t received offers from other producers about a possible output cut, and the lack of an agreement in Algiers would not be critical for the country, Russian Energy Minister Alexander Novak said, according to a RIA Novosti report on Sunday.

 

Coeure Says ECB May Need to Dive Deeper If Governments Don’t Act

Coeure Says ECB May Need to Dive Deeper If Governments Don’t Act

Coeure Says ECB May Need to Dive Deeper If Governments Don’t Act

  • European Central Bank Executive Board member Benoit Coeure said unconventional monetary policy may have to be used differently and more frequently if governments don’t act to boost the growth potential
  • “We will fulfill the price stability mandate given to us,” Coeure said. “But if other actors do not take the necessary measures in their policy domains, we may need to dive deeper
  • While slowing growth and inflation present difficulties for central banks around the industrialized world, the Frankfurt-based ECB has particular cause to urge pro-expansion measures by the 19 nations that use the euro.

The bank’s next rate-setting decision is in Frankfurt on Sept. 8.

Coeure Says ECB May Need to Dive Deeper If Governments Don’t Act

In particular, there is an argument for the ECB retaining the policy of accepting a wider range of collateral in exchange for bank funding given the greater demands on central banks following post-crisis liquidity regulation, Coeure said.

Side Effects

In the future the ECB may face the question of which operational target to pursue, if persistently low inflation means that policy rates remain close to or at zero. If current monetary policy settings linger into the long term, side effects will grow, Coeure said.

“If short-term rates are persistently pushed towards the lower bound, monetary policy has to focus on a wider constellation of rates across different maturities and asset classes,” he said. “What then is its target?”

Likewise, if the ECB continues to maintain a large balance sheet by purchasing shorter-term financial assets, that may have the effect of lowering long-term rates, exacerbating the low interest-rate problem, Coeure said. Financial stability may also suffer if unconventional measures last too long.