Outlooks On NFLX & AMZN | Stock Haven | Stock Chat Room | Penny Stocks | Options |Stock Haven | Stock Chat Room | Penny Stocks | Options |

Stockhaven Blog  

Outlooks On NFLX & AMZN

NFLX: What was once oversold has now become overbought but those periods of price action can last longer than you might expect so I’m open minded to even more momo here. Anything > $400 targets upside res tests @ $405-$407, $410, $414-$417, $420. Losing $400 targets sup tests @ $395, $390-$387, $385, $382-$380. There’s been a big bounce and a new uptrend established so there could be a big pullback without breaking the new uptrend. Key immediate term trend support resides between $380-$370 and will be moving higher week to week (as long as the uptrend holds). Have to see what a pullback looks like to get an idea of a clearer reference point support area.

AMZN: Broke first downtrend res and the door is now open for a much greater bounce back towards the $330-$350 area in the coming week(s). Holding $310 or breaking out at $313.50 targets res tests @ $315-$316.50, $322-$325, $330, $337-$340. Losing $310 targets sup tests @ $305-$300, $296-$293, $290, $287-$284. Has lagged behind other tech bounces that are playing out but now has a nice base and potential breakout in place which could result in some very nice upside. Conversely, any return of broader tech weakness likely sees AMZN get hit especially hard.

To get outlooks on NFLX & AMZN every day, in addition to TSLA, GOOGL, AAPL, PCLN, and SPY, consider subscribing.

Did you know that you can watch Stockhaven trade live in real time?

Learn how to daytrade by watching someone else trade! Watchhimtrade.com is the only site that lets you look over the shoulder of a professional daytrader.

Watch this video now where he shows you how it’s possible to make 100% in just 5 minutes!

About stockhaven

StockHaven is your #1 Source for reliable and honest picks.
Educo Web Design

Sign up for the FREE SH Newsletter