Jun. 29 at 8:51 PM
$NFLX is showing early stabilization, but this is still a “prove it” structure, not a clean trend reset.
After a strong multi-year run in many growth names, Netflix tends to move in phases: momentum bursts followed by long digestion periods. Right now it looks more like base-building and mean reversion rather than a fresh expansion leg.
The key is whether price can build higher lows and reclaim prior resistance with volume. Without that, rallies are more likely to fade into range behavior instead of developing into a sustained uptrend.
So yes, signs of life are there, but timing for “great again” is still uncertain until structure confirms.
