After a great run up in price from a huge increase in subscriber growth during the global shutdown, we see a change in short term trend for Netflix on the GoNoGo Trend hourly chart.
Perhaps the good news was priced in before the earnings release. Since the correction on the 16th and 17th of April pushed the GoNoGo Oscillator through the zero line support into negative territory, it has barely been able to get back above zero (highlighted in lower panel).
It will be important to watch now if the GoNoGo Oscillator stays negative, supporting the bearish change we see in the GoNoGo Trend in the top panel. Click here for chart!