Netflix, not worth watching…

#Brent #WallSt

Once upon a time, we were all trapped in a world where we couldn’t go out, we couldn’t travel, forced to ‘enjoy’ the company of immediate family. But we were thankfully permitted to more our place of work to a kitchen table, a hurriedly built shelf in a bedroom, or wherever. During this period, shares prices of companies catering for the change in society soared, while airline shares fell, hospitality shares fell, travel shares drove endlessly downward.

 

Now, with society returning to whatever passes as normal, it’s not unexpected to see online shopping companies getting a bit of a hammering, the shine coming off electronics companies, even Peloton share price running itself into the ground, and streaming companies such as Netflix discovering their growth in customer numbers was to prove a short lived phenomena. Quite why the company think an effective business model for the future is to alienate their remaining client base by increasing prices while reducing accessibility.

Meanwhile, hospitality shares should be soaring, cinema shares climbing remorselessly, airline shares flying over the moon, and cruise line shares riding the crest of a cliché. Alas, the stock market often isn’t a place where it gives with one hand while taking with the other. Instead, one hand will often have investors by the throat while the other is searching for the spot to stick a knife!

 

Netflix share price has achieved a greater level of pain than we’d expected, the value now trading substantially below the Covid-19 low of 2020 (290p), the point from which it soared to 700p. At time of writing, the share price is trading around 178 and we suspect this situation is destined to become worse.

Presently, below 162 looks capable of provoking reversal to an initial 118 with secondary, if broken, calculating at 102 and hopefully a bottom capable of producing a real bounce. We’ve a pretty good reason to hope 102 shall prove to enjoy trampoline qualities, thanks to a quite nasty risk if the 102 level breaks. Doing so would move the price into a region, where we calculate an absurd looking 19 as the “ultimate bottom” for the streaming service. We’re more than a little sceptical over this 19 target level as it would return the share price to a level not seen since 10 years ago.

 

Thankfully, with their business of making movies, Netflix perhaps shall prove capable of producing a happy ending for the current situation. Presently, the price needs exceed 209 to give hope as this calculates with the potential of an initial 250 with secondary, if exceeded, a rather less confident looking 313.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:41PM BRENT 107.59 104.78 104.275 97.89 110.67 110.35 111.335 113.49 107.43 Success
10:01:34PM GOLD 1837 Shambles
10:03:39PM FTSE 7071 Success
10:05:58PM FRANCE 5890 Success
10:32:37PM GERMANY 13113 Success
10:35:50PM US500 3757 Shambles
10:38:12PM DOW 30486 29988 29700 29339 30240 30781 30985 31310 30505
10:40:02PM NASDAQ 11513 ‘cess
10:42:25PM JAPAN 26210

 

22/06/2022 FTSE Closed at 7089 points. Change of -0.88%. Total value traded through LSE was: £ 6,507,643,698 a change of 40.38%
21/06/2022 FTSE Closed at 7152 points. Change of 0.44%. Total value traded through LSE was: £ 4,635,756,984 a change of -23.37%
20/06/2022 FTSE Closed at 7121 points. Change of 1.5%. Total value traded through LSE was: £ 6,049,529,686 a change of -50.99%
17/06/2022 FTSE Closed at 7016 points. Change of -0.4%. Total value traded through LSE was: £ 12,344,389,846 a change of 36.38%
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Centrica, 4D Pharma, Experian, EasyJet, Foxtons, Hikma, Hurrican Energy, Intercontinental Hotels Group, ITM Power, Speedyhire, Spirax, Taylor Wimpey,

LSE:CNA Centrica. Close Mid-Price: 83.54 Percentage Change: + 4.58% Day High: 83.58 Day Low: 78.28

Further movement against Centrica ABOVE 83.58 should improve acceleration ……..

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View Previous Centrica & Big Picture ***

LSE:DDDD 4D Pharma Close Mid-Price: 15.2 Percentage Change: -7.88% Day High: 17 Day Low: 13.6

Weakness on 4D Pharma below 13.6 will invariably lead to 13 with secondar ……..

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LSE:EXPN Experian. Close Mid-Price: 2318 Percentage Change: + 1.44% Day High: 2324 Day Low: 2242

In the event Experian experiences weakness below 2242 it calculates with ……..

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LSE:EZJ EasyJet Close Mid-Price: 412.3 Percentage Change: -0.82% Day High: 424.4 Day Low: 401.8

If EasyJet experiences continued weakness below 401.8, it will invariably ……..

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View Previous EasyJet & Big Picture ***

LSE:FOXT Foxtons. Close Mid-Price: 34 Percentage Change: + 0.15% Day High: 34 Day Low: 31.6

Target met. Weakness on Foxtons below 31.6 will invariably lead to 29p wi ……..

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View Previous Foxtons & Big Picture ***

LSE:HIK Hikma. Close Mid-Price: 1502.5 Percentage Change: + 1.38% Day High: 1508.5 Day Low: 1459.5

Continued weakness against HIK taking the price below 1459.5 calculates a ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 6.8 Percentage Change: -9.33% Day High: 8 Day Low: 6.77

Continued trades against HUR with a mid-price ABOVE 8 should improve the ……..

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View Previous Hurrican Energy & Big Picture ***

LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4239 Percentage Change: -1.60% Day High: 4301 Day Low: 4174

Continued weakness against IHG taking the price below 4174 calculates as ……..

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View Previous Intercontinental Hotels Group & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 207.3 Percentage Change: -4.34% Day High: 211.4 Day Low: 201.1

If ITM Power experiences continued weakness below 201.1, it will invariab ……..

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View Previous ITM Power & Big Picture ***

LSE:RMG Royal Mail. Close Mid-Price: 273.5 Percentage Change: + 0.04% Day High: 275.2 Day Low: 258.8

In the event Royal Mail experiences weakness below 258.8 it calculates wi ……..

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View Previous Royal Mail & Big Picture ***

LSE:SDY Speedyhire Close Mid-Price: 44.95 Percentage Change: -0.22% Day High: 45.35 Day Low: 43.65

Target met. In the event Speedyhire experiences weakness below 43.65 it c ……..

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View Previous Speedyhire & Big Picture ***

LSE:SPX Spirax. Close Mid-Price: 9346 Percentage Change: + 1.59% Day High: 9456 Day Low: 9008

If Spirax experiences continued weakness below 9008, it will invariably l ……..

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View Previous Spirax & Big Picture ***

LSE:TW. Taylor Wimpey Close Mid-Price: 116.5 Percentage Change: -0.68% Day High: 117.5 Day Low: 114.75

If Taylor Wimpey experiences continued weakness below 114.75, it will inv ……..

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View Previous Taylor Wimpey & Big Picture ***

*** End of “Updated Today” comments on shares.

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