NET trade ideas
NET Day trade Swing tradeShort term (yesterday) NET dropped 8.8%. EOY/BOY flows should boost NET to mid 80's even with insiders selling with both hands. Short dated - deep ITM calls intraday today and maybe hold runners for a swing is my plan. Flat by Thurs most likely.
Breakdown to initial trend?Hi traders, this is my take on NET , I have no knowledge about fundamentals on this one, at all...
Always do your own DD.
I believe we're a the verge of falling out of a ascending triangle near a fib. extension top, so I'd be very careful around this level, as I see it going down to a more moderate trend.
Hope this can help whether to set up a play on this one or not.
Have a good day.
NET: Chilling on the moon....now what?Cloudflare Inc. has seen about 400% increase since IPO. At this point I would say that the moon has been reached. Now let's do some speculation on what comes next.
Let's start with some basic observations on the weekly chart. After the initial drop from IPO price, the stock has made significant moves with higher highs and higher lows without any log term corrections. Each pullbacks have been significant, anywhere between 20 to 35%. And after each pullback, there have been explosive upward movements. The red boxes show the the consolidations/correction areas and green boxes show the expansions. The first two expansions hit 1.272 fib extension from one correction to the next. The third expansion hit 2.272 fib extension. the last one is pebble throw away form 3.272 fib extension. Since the March lows, the price has been neatly following a very steep upward channel and now hitting the ceiling.
Zooming into the daily chart now. All of the previous expansions created a pennant pattern then ended with a huge parabolic move that broke the pennant upwards and hit the top of the channel. This time around, the pennant is breaking downwards and the price is already hitting the top of the channel. Daily RSI has a bearish divergent present, but price already tested 20 daily EMA. So divergence might have played out for the time being. Daily MACD negative cross came on the top of the channel, and there is a negative divergence on the histogram.
Flipping back to weekly chart. RSI looks strong, but getting into the overbought area. Accumulation/distribution indicator looks interesting. Let's talk about accumulation/ distribution indicator for a bit. This indicator can provide some insight into the asset. I only look at the slope at a higher timeframe like weekly or monthly chart and not so much into any cross or the numbers. The angle and slope starts an upward angle towards the end of consolidation or after the major selloff is complete. Similarly the top starts to get rounded at the end of the expansion. If the indicator starts a downward angle from next week, then the top might be in. It doesn't mean the price will go down now. Price decline will start when the accumulation/distribution indicator has a steep downward angle established. Right now this looks to be done with rounding up the top and ready to move downward, but not
confirmed yet.
So what happens next? Well, there could be several ways things can unfold.
Scenario 1: Straight drop form here. The red line shows the similar way corrections happened in the past. A retrace to .618 fib retracement to the bottom of the channel and upwards and onwards again. The Purple line shows a deeper retrace to maybe .382 then a more relaxed upward movement creating a new channel maybe.
Scenario 2: Slight down or sideways from here then make another move before a much larger correction. Blue line shows maybe a quick retrace to .786 and make a move to higher fib extension level and then a much deeper correction before moving up slowly and steadily. Green line is similar but a sideways correction in time before making a parabolic move and deep correction afterwards, maybe a bit less severe.
Scenario 3: Like previous tops go parabolic now and hit 4.727 or higher, breaking out of the channel upwards as the black line shows. In this case the correction will be for the entire price action so far. It could go down to test initial horizontal support areas or close some gaps that are left since October.
Right now the best action is to hold tight for longs and set some take profit and stop loss areas or wait for an entry point down south. Let's see how this plays out. Long term, this is definitely something to hold in the portfolio at some point. The future looks bright.
$NET - Exploration of New ATH$NET - Strong push towards re-test of ATH after a brief triangle consolidation.
Strong chart & sector - I am already deep in profit with $ZS.
A break & close above opens up some new targets of:
TG1: $89
TG2: $92.50
TG3: $96.75
Invalidated: <$82
I am in $95s for January.
Like & follow if you enjoy my work :)
CLOUDFLARE -30%Sell NYSE:NET now for 3.5% deposit
Take 1: 80.22
Take 2: 77.22
Take 3: 70.22
Take 4: 62.22
Stop: 3.5%
Profit: 17% (max. 30%)
Wish you luck !
NET Looking PrimedComing off of support of the channel line and testing that upper resistance line. The apex of the ascending triangle is close. Further, volume picked up yesterday and RSI curling from bull zone to breakout zone. Heavy eyes on this one!!!
symmetrical triangle, clear skies above $87looking for a fib retracement back to all time highs then a push past $86.14 will confirm new ATH. hope towe can see a higher move.
other bullish indicators include macd buy signal and declining volume.
ultimately looking for $92.56.
this a fun one to trade.
great chart requestnotice how this one gets rejected off this top trendline too, looks like its in consolidation mode too, if it breaks lower from here we can see a pullback to 70, thats where id consider my entry with a stop loss at 65 and target at 90-100. great risk reward play in the making but not yet imo. goodluck to all longs <3
Pullback setup for CloudflareExpect a pullback before continuation of trend. Look for buy opportunities near lower 70s or go long if previous high is broken.
NET - Moonshot Blue Sky BreakoutCybersecurity and Cloud Tech stocks are getting some solid rotation today. NET has been consolidating for some time near ATH, and this is ready to explode. If you want to play it safe, 1/15/21 85c or 90c should print money soon. Overhead targets are above, but I believe this is a $90 magnet.
NET - December 5, 2020Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. NET stock has shown growth from $20 to $78 in the last year, as well as revenues increasing 54%. With analyst price targets of $87, NET continues to show positive signals for a spike in the next few weeks. Looking for a dip buy on NET.
above 72, we can see 79hit all time highs today. let's see if we can keep the momentum going.
see fib.
$NETHas been riding the 38.2% for a few days. Yesterday it finally popped above the EMA20. Entered some monthly calls with strike 15% OTM. Aroon indicates a bullish sentiment. MACD continues to end above the signal line slightly. Not pictured above is the OBV continues to make new highs. Buy pressure increased intraday.
If anyone knows how I can attach another date range for the chart please lmk.
