Netflix Poised for Pre-Earnings Breakout?

Streaming Giant Shows Bullish Signals [Trade of the Day Wake-Up Watchlist] "With its multi-timeframe squeeze and bullish chart setup, I believe Netflix has the potential to rally into its earnings report." Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Don't look now, but earnings season is just around the corner. As companies gear up to reveal their financial report cards, savvy traders are already positioning themselves for potential breakouts. One stock that's caught my eye with some intriguing signals is none other than the streaming giant, Netflix (NFLX). Netflix is currently trading at 52-week highs, but here's the thing… It might have even more room to run. With its earnings announcement scheduled for October 17, just seven days away, we could see a pre-earnings rally that smart traders won't want to miss. Let's dive into why Netflix is looking so appetizing right now: [You're Invited: Meet S.A.M. The Next-Gen AI Tool]( [Nate on stage]( Multimillionaire trader who turned $37K into $2.7 million in just 4 years is hosting a summit to reveal his revolutionary new AI trading research tool "S.A.M." See how it could have unlocked top gains of up to 219%, 326% and 2,250% within 9 days or less! [>> SEE S.A.M. in Action <<]( Pre-Earnings Momentum: Netflix is showing strong momentum as it approaches its earnings date. The stock is trading near its 52-week highs, which often signals investor confidence and positive expectations for the upcoming report. Multi-Timeframe Squeeze: Netflix is currently exhibiting a squeeze on both the daily and 195-minute charts. This compression of volatility often precedes significant price moves. Think of it as a coiled spring, ready to unleash explosive momentum. Stacked EMAs: The stock is displaying stacked Exponential Moving Averages (EMAs). Imagine a staircase of bullish sentiment, with each step (or EMA) supporting the one above it. This alignment suggests strong upward momentum across various time frames. Earnings Run-Up Potential: With seven days until the earnings announcement, there's a window of opportunity for a pre-earnings run. The idea is to capitalize on the anticipation and excitement leading up to the report, potentially exiting before the actual announcement to avoid earnings-related volatility. Your Action Plan: - Watch for a breakout above the recent high of $728 - Consider entering on a break above this level with a stop loss below the recent consolidation range, which is around $700 - Target potential gains leading up to the October 17 earnings announcement. - Plan to exit the position before the earnings release to avoid potential post-earnings volatility. Given how expensive the stock is and the options are, it might make more sense to trade a long vertical call spread or selling an OTM vertical put spread. Remember, when we're talking about options trading, even a seemingly small move in the underlying stock can translate to significant percentage gains in your options contracts. Spotting these golden opportunities isn't a matter of chance or intuition. [It's about leveraging cutting-edge technology]( honing your skills to read the market's pulse. In today's fast-paced and volatile market, having the right arsenal of tools and the expertise to wield them effectively can make all the difference. Want to see how we spot these opportunities in real-time? Join me in the[Daily Profits Live Room]( where we use cutting-edge tools like [the S.A.M. AI Scanner]( identify high-probability trades across multiple timeframes. It's like having a high-powered telescope for the stock market, helping you spot potential winners before they take off! [Click here to learn more about the S.A.M. AI Scanner]( and how it can potentially elevate your trading this earnings season. [Trading Legend Reveals New AI-Powered Tool]( [Nate Bear]( Nate Bear, the trader who turned $37k into $2.7 Million in 4 years, just revealed his groundbreaking wealth-building initiative... A cutting-edge trading research tool powered-by AI that is finding explosive setups at an UNGODLY speed. See the details for yourself: [ Watch The DEMO Here]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. 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