NET trade ideas
CloudFlare $NET "brekout"It broke out yesterday with huge volume. It is worth to watch.
12 months Consensus Price Target: $25.69
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$NET bulkowski rising wedge$NET attepmting to break out of a bulkowski rising wedge on the daily. $NET also showing coinciding bearish divergence on both the MACD and RSI
ducc targeting the golden retrace zone between the .382-.618
Pattern still expecting a $35 Net TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, for the CloudFlare target, I am sitll expecting an imminent threshold crossing of $35. Given that the market is expected to have some negative potential tomorrow and the Dow drop today though, I would wait a few days probably for a higher profit ratio turnover as a short.
Short squeeze in Cloudflare ?Cloudflare has seen strong increase in demand during COVID and among with the cloud sector is a big beneficiary of the current environment.
This stock is a pure growth play and strongly positioned.
Interestingly, it also has high short interest and got sold off heavily every time it reached the 30$ mark, but is still in an uptrend.
This mark should eventually break in the near term and the stock continue its move.
NET's Continued Rally: Actual $35 Short PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into some key points. CloudFlare looks like it is having a positive rally, and the current bullish run seems to be a better retracement from its last, I expect a $35 price target quite soon, and perhaps I will be right again on CloudFlare as I was previously. I was bullish previously, and we all know what I expect once it passes the $35 threshold.
Cloudflare in bear control, expect downturnCloudflare having a nice ascending wedge, probability favors price consolidation. If going, keep in mind that atm that it's in overall uptrend, so place orders accordingly.
Bullish breakout - Target 37Bullish and can reach 37-40 as long as it stays above that top dark grey line. If it closes below that line, then lower prices to come.
First hurdle is to close above 30 and when it does then its a much stronger bullish sign.
CloudFlare went up 7.15%+ in one day!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. For Cloudflare I did an entry yesterday at 27.89, and then a sale at $30.15, in paper trading. It looks like it is having some really nice long potential, and I think it may even have some small dips here and then. The next threshold is crossing the $35 price for resistance. Than it has a long potential of a $45 to $50 price target.
$NET Cloudflare $29 target
China Partnership
Under a new strategic partnership, Cloudflare (NET -4.6%) will team with JD Cloud & AI (JD -3.2%) to expand NET's network in China to an additional 150 data centers.
Cloudflare currently has 17 mainland China data centers through an agreement with Baidu, a longstanding partnership that will continue.
Cloudflare is providing its expertise in building out the network, while JD supplies the capital and the infrastructure.
NET expects it to take at least three years for the new data centers to go online. Source Seekingalpha
Recent upgrades
Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Cloudflare (NET) today and set a price target of $27.00. The company’s shares closed last Monday at $23.67.
In a report issued on May 1, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare (NET), with a price target of $24.00. The company’s shares closed last Friday at $22.84.
Company profile
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn and Lee Holloway in 2009 and is headquartered in San Francisco, CA.
Cloudflare made a strong recoverySimply looking at the Fib channel here, multiple touch points and orderly looking price action.
NET made a strong recovery post liquidity event crash, and is a company well placed to benefit from increased reliance and faith in internet tech / infrastructure / security.
I use Cloudflare and they provide a great service with a freemium model. A recent addition and strong growth could be ahead.
Can $NET Go to the Moon?First off, please don't take anything I say seriously, as always this is on opinion basis and not meant to be taken as financial advise. That being said, let us get into a few key insights. If you look at past fibonacci retracements, even an negative correlations, price fluctuations seemed stable. Growth year to date seemed mostly positive, even considering their March hit (given the time period, we are in). Even with risk of a negative earnings call (which I don't think will happen), a $25 price target is fairly conservative. I am personally hoping for it to pass a $30 price threshold. I think it does have potential to be a decent long hold stock as well, but only time will tell. I think it is one of those stocks definitely worth keeping in your portfolio.
Cloudflare $NETCloudflare CFO sold 15.000 shares of the stock. $25.02 is a critical resistance but rsi is stil weak.
$NET can rise in the next daysContextual immersion trading strategy idea.
The demand for Cloudflare's shares looks higher than the supply.
The company operates a cloud platform that delivers a range of network services to businesses worldwide.
Due to the spread of COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $24,01;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Sold $NET Here at Price Target 1Hello Everyone,
$NET Managed to hit the 1st price target in one day. For that reason, we had a closed our position earlier today.
Best of Luck,
Tashua Financial
Going Long $NETHello Everyone,
We are setting a buy signal here on $NET. In times like these, it is nice to see Assets who are still going strong. $NET is a prime example of a strong set and for that reason, we are long. We have set 2 price targets: one at $26.17 and the other at $30. The plan is simple, we are going use the lower $26.17 target for now and as we receive more data we may transition to the higher target. For safety, we have placed a stop loss at 22.50.
Best of Luck,
Tashua Financial
Quick Look at CloudflareCloudflare is an internet networking company that operates a CDN network providing the service of protection against DDOS attacks.
Basically it keeps the internet running and speeds up loading times.
Cloudflare Inc On breakout watch $netShort interest 8.21%,
Company profile
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration, and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn, and Lee Holloway in 2009 and is headquartered in San Francisco, CA.
Cloudflare, NET, broke out, held and looks goodThe chart looks good. nice breakout and held the area after the big sell off on Friday. Big increase in volume before the breakout as well. ATHs just above at $22, can it continue? I've no idea:) but I will be watching for a clean breakout of 21.50 next week. might pullback further, but bullish mid term, one to watch
Near-Term Support
Early Reversal Signal Indicator (ERSI) and Trend Shift Indicator (TSI) opening on the 1 month view
ERSI and TSI respond with 5 buy-points per chart view -- so look for support to last approximately 4-5 trading days
ERSI is best at BUY SIGNALS -- look to TSI and EARS (bottom two indicators) and others for sell.
