May. 14 at 7:33 PM
$NFLX technically still looks stuck in “wait and see” mode to me.
This week’s spinning top after 4 straight red weeks shows hesitation more than real buying conviction. Price is still below the 50 EMA while barely holding above the 200 EMA zone.
More importantly, since breaking the 2025 uptrend, the chart has started printing lower highs + lower lows — not the structure bulls want to see.
MACD is weakening, RSI sitting near low-40s, and momentum still feels heavy overall.
Personally, I’d rather wait for either:
• a deeper flush into stronger support
or
• a real bullish reversal setup with volume
Right now it feels more like drift than opportunity. Anyone seeing a different setup here?
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