NET - And another Cup & Handle
Updated
NET formed a beautiful Cup & Handle and breaking out of it.
54 would have been optimal entry but not too late. This has 2x - 3x potential from here.
Too many confluences here -
1. Based over 75 and forming a Bull Flag on weekly timeframe.
2. Bouncing on 200 Week EMA
3. Over the 2021 ATH VWAP & IPO VWAP
4. The mighty 3rd wave in-progress
Long here with stop loss 75
For now let's target conservatively.
Target #1 110
Target #2 130
54 would have been optimal entry but not too late. This has 2x - 3x potential from here.
Too many confluences here -
1. Based over 75 and forming a Bull Flag on weekly timeframe.
2. Bouncing on 200 Week EMA
3. Over the 2021 ATH VWAP & IPO VWAP
4. The mighty 3rd wave in-progress
Long here with stop loss 75
For now let's target conservatively.
Target #1 110
Target #2 130
Trade active
Almost there, Earnings and a strong move upTrade active
Booked most of my short term profits. will reload once it's settles downTrade closed: target reached
Trade active
Moving on the next target. We can consider the gap is filled Target #2 130
Comment
NET inching up slowly. The sector isn't strong now. CROWD earnings pop faded quick. Let's see what it does.Disclaimer
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