Dave Barnhart analyzes Netflix after earnings, tracking a $1.3B dark pool print now sitting overhead as resistance. He maps bullish and bearish trigger levels, fair value gaps, and price targets for NFLX and SpaceX, using the 200 EMA and 4 EMA to identify next moves.
Chapters
Good morning, traders. It's Friday, July 17th at 4:19 AM. All right, 2 stocks for you today. We've got Netflix and we've got SpaceX. So Netflix had earnings and yeah, we're below all prints here. Look at this consolidation. These are the largest trades in the last month and look at these 2 million, almost another 2 million, 1.1, 1 million, 1.4, all of this 5.5 million June 24th. Here at 72.42, we're already 5 points below that at earnings. You can see this consolidation push up through these prints here, pulling back, and then this was yesterday, massive volume, and then boom, we're below all the prints. So this is clearly bearish. So let's go ahead and map this out on both sides. We— so we're going to be bullish above 68 here with a target of 68.77. Then 70, 70.51, 72.25, 72.42. I stopped there at the 5.5 million share print. Uh, on the downside, we're going to be bearish below 67. We're just testing that now, so let's do 66.50. I'm going to change that. This is moving quickly. Target 66, 65, 64, 62.50. And 60. So we're since we're below all of the prints, we just take the major dollar levels on that. All right, moving on to SpaceX. All right, SpaceX, we are below all prints as well. Look at this: three million, two million, two million, one point six, four point three, four point one million. So last month here, you can see it's just been selling. We've pulled back up through some prints. Looks like they wanted to sell some more, and now we're moving down below. We're here at 124.75 at the moment. So let's go ahead and map this out on the intraday. We're going to be bullish above 126.25. Let's get above this. We want this S2 to be support. See if we can fill this gap. 127.25, 128.65, 129.18, 129.82, 130.47. Up here is another cam. And then 131.75 is this R1, and it looks like so. I've stopped here. I've got my 200 exponential right here, 200 simple, and this could be a fair value gap just coming back up to this cam. Just look at this downward move there on the downside. We're going to be bearish below 124.75. Let's break below right here. Target 124.07, 122.50. Then we've got 119.16 is S3, 118.16 and a quarter, 115.112.14 is S4. So it looks like the downside— if you look at this, we're just riding the 4 exponential moving average on the daily. That's a very strong downward pattern. And so if we come up and tag that, this is a good shorting opportunity, it looks like, again. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, leave some comments in the comment section below. I'm I'm always happy to hear from our traders, and we'll see you Monday with all new trade setups. Happy trading. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
