We’re past Netflix earnings, and there are two bearish truths we can recognize:
- Long-term, the stock has double-topped
- We have failed the midline of the channel, opening up the prospect of a trip back down to the channel’s lower support line
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart_NFLX-3-640x343.jpg)
We’re past Netflix earnings, and there are two bearish truths we can recognize: