This is the 3rd hour in a row nflx has seen its price head up.
Since i started this portfolio in june, we've gone through 2 drawdowns: one 8.1% in june and the current 8.4% now.
This garbage should be taken down to penny stock status.
Customers regularly drop netflix and other subscription services (a metric referred to as “churn rate”), and the yipitdata numbers may ultimately reflect a short-term blip in u.s. cancellations that is relatively minor in a grand scheme of things.
As for how volume fared, yesterday’s volume was up 43.85% from the previous day (sunday), and up 24% from monday of the week before.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
This move is a reversal from the hour prior, which saw price move down.
This move happened on lower volume, as yesterday’s volume was down 8.07% from the day before — and down 58.97% from the same day the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 54.02% from the day prior, and up 65.07% from the same day the week before.