T3 Live
Shares

Scott Redler: What If the Analysts Are Wrong About Netflix?

Shares

Last week, I got stopped out in NFLX when it lost upper momentum at the $411 area.

The stock is up 100% this year, and a few analysts are worried about European sub numbers causing a miss.

I'm approaching this one cautiously. Today, let's see how it handles the $395 pivot. 

Today, let's see how it handles the $395 pivot.

And after the earnings report hits, if the analysts are wrong and NFLX beats, $419-$423 is key resistance to clear. 

If the report is light, see how it handles the $380 area, or the 50 day down at $365. I'm watching potential options plays, but I'll probably wait until around the close to do anything.

HUYA is a very active name that's been a favorite of RAA readers. 

Now, see if it holds $36.25 to keep momentum and stay special. 

BABA lost some momentum this past month on all the trade banter. It now has a lower-level wedge type pattern building. 

$189.30 is pivot support. To get some strength back, it has to get above $192.12. It's a good name to watch for clues.