Signal NETFLIX Buy — H4 - June 21, 2026 06:46 GMT-4
On the H4 chart, Netflix has been carving a descending channel since early May, with the upper trendline near 81.5 and the lower trendline hugging the 77‑78 zone. The last two candles closed at 77.35 and 77.33, both testing the lower boundary. A bullish candle pushed the high to 78.22, while volume fell from 12,650 to 7,226, indicating reduced selling pressure and a potential shift in momentum. The break above the 77.0 support, coupled with the narrowing price range, suggests a bounce off the lower trendline. Placing the entry just above the recent low captures this rebound, while the stop…