Week 5 · Ongoing sell signal
Netflix at week 5: bearish structure intact, but double bottom slows the decline
Week 5 · Ongoing sell signal
In Summary
Netflix is at week 5 of a sell signal. The last week closed down 4.5% with sellers at 81%, yet the daily chart shows a double bottom in the 83 area with a 13% intermediate rebound: a contrasting picture worth reading carefully. Trading remains not recommended: the stock is still 5.7% above its 200-week moving average.
Ongoing decline
·5th week from start
·US stocks
·T2
IQS Phase
75
in tension
Signal Strength
31
shallow weekly drop
Sizing
REDUCED
Ranking
#27 / 96
US stocks
Trade P&L %
+10.73%
from signal to today
restricted Platinum content