$SHOP $NFLX Still Bearish While $NBIS and $AFRM Show Improving Momentum

PeterDiCarlo
05-19

Several high-profile growth stocks are showing very different technical conditions right now.

$SHOP and $NFLX remain in bearish trends with no confirmed Bull Cycle yet, while $NBIS continues to outperform after a massive run.

Meanwhile, $AFRM is starting to show improving momentum, but traders are still waiting for stronger confirmation signals.

1. $Shopify(SHOP)$

$SHOP community request

A lot of you are asking if I would be a buyer here right now. The answer is a strong NO in our system.

33 FVB is still red and the trend is bearish.

Monthly BX is pinned dark red, which tells us sellers are in control.

I am waiting for our Bull Cycle criteria to trigger before I consider an entry.

2. $Netflix(NFLX)$

$NFLX is still NOT a buy in our system.

The bottom looks like it is trying to form, but the trend is still bearish and the Monthly BX is pinned dark red.

I will continue to sit out until our requirements are met and a true Bull Cycle confirms.

3. $NEBIUS(NBIS)$

$NBIS is a clean example of what our system is built to find.

Expansions in Bull Cycles are exactly the environment our framework is designed to trade.

That said, $NBIS is NOT a fresh buy in our system right now. It is a hold.

Why? It is already up over 100% since the last re entry trigger in our framework.

It can still go higher, but the risk vs reward from here is no longer worth it for us.

4. $Affirm Holdings, Inc.(AFRM)$

$AFRM monthly is finally showing some buying pressure.

But I want that 33 FVB to flip green before I treat it as a bull cycle.

Until that happens, there is still a real chance price rejects.

This is a ticker I’d pin and revisit in 2–4 weeks.


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Comments

  • SGpHANtom
    05-22 22:03
    SGpHANtom
    are you even talking about cos with same breadths and within same industry
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