NET trade ideas
$NETBullish set up close on the weekly, trading above the previous week close, waiting to see this week close above 88.6% Fib to continue higher, if planning to start a position i would recommend to wait and see if it claims back 88.6% fib
NET/Cloudflare Bullish scenariosAs you can see the price has been in a triangle for a few week. after breaking the triangle and the descending trend line it would be a good point to enter.
Note that there is possibility that analysis goes wrong.
Cloudflare (BTD)Seems like a no brainer for the long run. Tight stop loss in play incase tech stocks continue to fall in April. Good luck!
$NET - is it time?IHS set up, but I was wrong on the same set up on ADSK
Collecting commons under $70 as much as possible.
Have some $130 and $135 large call option bets for May and July
$NET - IHS? NET could have an inverse head and shoulders.
Awaiting confirmation, but there is potential that confirmation will come next week.
Could be a time to lightly accumulate at a lower cost, but never enter your full position at one time.
Averaging up is strongly advised; avoid averaging down.
I will lightly accumulate at $73.35, $75.50, and last $78.
Target is high 90s, stop loss around $$67-$68 (major support at $60 level).
I hold onto a core amount of shares and sell calls if the market get's choppy.
NET 🌦I understand the market through through fractals. I use a strategy that I call Modified Elliot Wave Theory (MEWT). It Is comprised of fractals, Elliot Correction waves, inter-market analysis and the use of economics to identify patterns in my forecast reports.
time to reclaim the uptrend ?broke a important uptrend line and entered a short term downtrend, should retest the longterm uptrend by late april though! patience will payout here. long 76 and target 90!
Cloudflare $NET H&S top !$NET formed H&S on top but depend on the market it’s could be failed H&S which usually become a bullish pattern with same target of the valid pattern .
NET levels to trade, targeting 85+ in medium term, good swing Cheap spreads, holding 80/85c april
70/75c 3/19 safe spreads and credit 65/70p 3/19 to help fund
Uptrend losing momentumWill probably see the price bounce either at the 60 or 56.5 price lines, overall starting to show a bearish tendency.
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Hi! I am new in the TA world, comments and suggestions are highly appreciated!
Will NET Bring Cloud Back To Life?NET NYSE:NET is a riskier play at this moment due to the overall weakness in tech stock and market conditions. But, in comparison to other companies in this sector NET is holding up fairly well and showing some relative strength. NET tried to get over $76 today and failed to hold above. Testing a strong support zone for the third time over the past two months and looks like we may be starting to bounce. Volume has been accumulating with 4 out of the last 6 days trading above NET's daily volume average. POC on the daily chart is right at $82.51 lvl. If SPY/QQQ can start to breakout this week $$ should flow back into the tech stocks and the cloud sector which has taken a solid beating can see some bullish movement. Ideally, we gap up to $78 and form an island reversal. But, a play over $76 with the right market conditions looks primed for a good swing.
EMA's serving as a resistance above in the 78-79 range, tough lvls to get through in the Low Volume Node (LVN)
4/16 $80 calls will be my swing of choice (4.35/4.65). IV is very low 21% IV percentile on NET and if the market starts to move back up these can pay out well!
*I entered a small NET position this week and will add more on break of $76 with volume.
NET over 77.37NET has been beat up since earnings, had strong volume on Friday's trading session, is SlowStoch oversold on the daily, and could catch a bounce if tech does.
NETEntry at 80.73
Stop at 79.34
Confluences - Hourly Trendline Support / 61.8 of most recent uptrend /divergence
Estimated time 2-3 weeks
NETNET 1-3 week horizon
Price currently going down, moving within a bullish channel. Entry zone is at bottom of channel which is also near the 50ema and 77 support. Stop loss just below support at 74.90. A potential reward of 29% (mid target) and risk at 4.5%.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
