$NFLX Shake-Up

Kapow! $NFLX took a hit in the AH session, taking a dump and giving up the last two weeks of gains. The initial read is bad as Reed Hastings announced that he will not seek re-election on the Board. Here’s the rest of the news:

EPS: $1.23, beats $.79 expected

Revenue: $12.25-billion, beats $12.18-billion expected

Guidance: $.78 EPS in next quarter, $.84 expected

Growth narrative: World Baseball Classic drove international growth, especially regionally in Japan. This implies a narrative that live sports can push subscription growth internationally.

An iconic executive choosing to depart alongside guidance downgrades will push any stock down, especially one that is up quite a bit over the last few months. I can’t help but think Hastings’ decision is tied to a company that has lost its way. Live sports and ad-tiers were not supposed to be what made this company different, but here we are.

https://preview.redd.it/gmdxw0pxjmvg1.png?width=1396&format=png&auto=webp&s=1f703880ac7c44b8636d057826b2405e5da8eecb

I’ll keep it simple this go-around. This bad news should bring it into that yellow gap as a resting spot for decline before we start getting going again toward where it was headed. The purple gap could happen, but I don’t expect it because I don’t think the call was that bad. Famous last words, maybe, but I know that I’ll be buying again as we get closer to and into the green gap.

Monitoring $HOOD Progress

https://preview.redd.it/e626koazjmvg1.png?width=1396&format=png&auto=webp&s=c0b4a3a00264522ea4367c6128713147812f6597

There are two gaps that have been filled - the blue one and the green one (recently). This leaves that yellow and red gap between levels to be worked through. Expecting some digestion around here makes sense given the divergent nature of these moving averages, but this pop into the yellow space needs to hold for at least two weeks if we want to see the short-term moving average (orange) tick upward. The long-term moving average (teal) will continue a steady decline to mirror that dark downtrend channel (grey). The pop out of that channel could indicate a bullish reversal, but it has only been a handful of days since leaving that channel.

Earnings is at the tail of this month, so we have a narrative-building opportunity there in addition to whatever happens in the crypto world. Now that we are entering this yellow gap, we can feel a bit more interest toward a sale but you can see that there is a lot of space left to go. We will assess again in the mid-$90s, but you can see the space that we are targeting prior to expiration of the calls is in the red box.

There is plenty of time and there are two technical markers that I want to watch for now:

Is this truly a bullish reversal? If so, a new uptrend channel will need to form because the long-term ones on this chart are way above where it currently is. We won’t be able to comfortably establish that uptrend channel without a little bit of digestion and a few flat days. We’l…

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来源：reddit，领域：news，保留分：0.64