Trends and Targets for 9/01/2019

Netflix #DAX #DOW  Almost grudgingly, we access this lot just for two series; The witty “Good Place” and the new “Star Trek” TV show, two different types of hell for most folk. We must concede #Netflix share price appears to be improving, along with its content and as the US earnings season approaches, it’s worthy of a glance.

 

The immediate picture is fairly tame with movement above 322 entering a logical cycle to an initial 351. As the chart illustrates, this donks against the downtrend since July last year. Our secondary, should the price manage to actually close above BLUE (just 352 at present) comes in at 425 though we must admit, with positive news, the share could easily accelerate to 535 and a new all time high.

 

If trouble is planned, the price requires break RED on the chart (231 at present). Such a calamity, while visually unlikely, risks reversal sharply down to an initial 193. Worse, if broken, bottom calculates at a very messy 139, a point where it almost must bounce.

 

Of course, there’s always a risk we’re influenced by Netflix’ decision to produce another show, Lucifer, which was in danger of vanishing. As can be safely guessed by a list of telly favourites, entertainment isn’t taken too seriously amongst the folk at T&T.

Chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:10:13PM

BRENT

58.73

10:11:57PM

GOLD

1285.71

Success

10:46:38PM

FTSE

6887

Success

10:49:18PM

FRANCE

4786.2

‘cess

10:51:41PM

GERMANY

10838.26

10675

10638.5

10547

10807

10914

10966.25

11004

10730

Success

10:55:36PM

US500

2571.37

‘cess

10:58:53PM

DOW

23766.5

23477

23375

23210

23685

23873

23976

24447

23280

‘cess

11:01:32PM

NASDAQ

6540.37

‘cess

11:03:31PM

JAPAN

20301

‘cess

 

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

 

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