Reuters

(Reuters)

This article is part of the series

It’s Time to Sell Twitter and Netflix

By The Chartman FOXBusiness

Let’s stipulate that the past week was NOT fun. And after a week like that, it’s normal to expect more.

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But could the worst be over? Objectively, the chart says there’s at least a chance for a bounce. Now, could that bounce also mark a low? It has in the past, but it does feel different this time. I’d say 50% odds.

I’ve been a long-time fan of Netflix (NFLX), but the stock is broken now. If you haven’t, I’d sell and wait for a lower entry.

I have a longstanding rule: when I stop using a company’s product or services, I sell the stock. No better example than Twitter (TWTR). Are YOU still using it as much?

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Back next week to see if the Dow Dam can hold.

What do you think?

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