$NFLX daily RWB pattern gone by Wednesday’s close


According to the rules I discussed at AAII last weekend, one could have chosen to sell out NFLX around Wednesday’s close when the daily RWB pattern disappeared and the stock was set to close below all 12 averages. An earlier sign of weakness was its close (dotted line) below all 6 short (red) averages several days ago. Or just never hold through earnings…..

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.