NFLX negative trend remains in place after strong rejection and >5% drop despite bounce from channel bottom.

Moving on to Netflix, the week began at $81, and the stock faced resistance, falling by approximately 4% to end the week at $78 . The company is raising its prices in the UK for the second time this year.

Therefore, the UK is facing an additional 33% price increase compared to just a few months ago. We'll see how this affects the cancellation rate . If people don't cancel their subscriptions, Netflix will continue to raise prices, but we'll see that clearly when the company announces its earnings.

Frankly, when companies change how they report, like Netflix did recently last year, stocks plummet . We've seen this repeatedly .

Netflix " made a good move from the bottom of the channel, but it didn't quite reach its 200-day moving average. Then it faced very strong rejection today. It was a big candle, with a drop of over 5%.

So, this negative trend for Netflix is still in place."