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NET: My Last Trade & the Next One: Patience & RenkoI just posted a note on the power of using Renko charts in preparing for a position - linked to this one. NET (Cloudflare) is on my watchlist for new positions. Had a quick trade on NET around the earnings earlier this month - and i'm now watching the chart for the next trade. would like to share some details showing another example of the power of Renko charts - entry @ $59 on the 8th - as marked on the chart - exited @ $69.45 -- triggered by a 3% trailing stop on the gap down on 16th .. P&L% was 17.7% -- not bad for a 1 week position (my P&L% was a bit higher as i also sold a weekly covered call as an earnings play) (Note: yellow vertical line shows where my entry would have been if I entered based on the chart signals - but i entered ahead of the earnings on strong fundamentals and expecting strong earnings.. the earning day's action confirmed the position was at little risk) so now, i'm looking for my next entry to ride the next leg up - believing that NET is starting what might be a strong trend as the market recovers - and the most important tools to help me pinpoint my next entry are: patience and Renko. here's how: - we can see 3 "FOMO Traps" in 3 consecutive days .. where NET opens with a gap (up or down) then runs up fast, only to close lower than open, trapping traders who thought that "this is it! the move up started .. let me in" - or those who have tight BUY STOP orders - these FOMO Traps don't even show on the Renko - and the Renko chart clearly shows that we're still "not there yet" - the MACD and the Strength Inspector on the Renko are both far from a positive setup. the MA's are still heading down .. clearly NET still needs to "build up" a bit more before the next leg up; - The entry setup i'm waiting for has been specified - My Alerts are set .. and the "Fisherman patience" mode is on :) .. waiting for the next ride. (As usual: This is not a trade recommendation !! but i hope it helps provide couple of good trade analysis nuggets :))
NYSE:NETLong
by RedKTrader
4
MSN- another example of cigar butt deep value net net stockspotentially 1.00 in value and trading 50-60 cents. MSN Emerson Radio has a history of trading below tangible book value when china gets sold and then returning to near book value when china is doing well. Short term assets are higher total liabilities and enterprise value reflects this as well with a negative enterprise value. Disclaimer. Penny stocks are extremely risky and will lose you money. High risk of bankruptcy or illiquidity.
AMEX:MSNLong
by ValuePig
8
Cloudflare continues in a trend of lower highs.Cloudflare - 30d expiry - We look to Sell at 52.98 (stop at 56.11) Our short term bias remains negative. Daily signals are bearish. The medium term focus remains bearish and intraday rallies continue to find sellers. The trend of lower highs is located at 54.00. We look for a temporary move higher. Preferred trade is to sell into rallies. Levels close to the 38.2% pullback level of 54 found sellers. Our profit targets will be 45.15 and 44.15 Resistance: 47.00 / 51.00 / 54.00 Support: 43.00 / 41.32 / 37.37 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NETShort
by Saxo
$NET, THE DISCOUNT OF THE DECADEBuying Cloudflare stock at these levels, and what seems to be an approaching opportunity to buy it at ~$30 is just an incredible discount. Myself and so many other developers around the world love building and deploying on Cloudflare, it's amazingly cost-friendly with a lot of free entry plans to get started at no cost. I am uber bullish on developers in general, it's a space that will grow exponentially. So many kids are growing up, wanting to code and deploy projects and Cloudflare makes it easy for them to get started at no cost, this is huge. When these kids grow up, they will be advocates for Cloudflare, they will pay it back. They will scale their web apps on Cloudflare, they will spend their money with the company that let them start building at no cost. It's what they'll be familiar with and Cloudflare will have a suite of products that will fulfill their needs. Cloudflare builds the right product and they build it fast. The founder is the CEO. They have a great leader at the helm who lives and breathes the space -- natural and passionate innovator. This is someone I have full confidence backing. Cloudflare continues to grow 50%+ YoY. This is the time to buy company's that are continuing to grow, despite the conditions of the economy. ibb.co As for the technicals, it sure seems that we are on the C wave of an ABC correction. I also added some trend lines that may or may not be respected. I am eyeing a bounce around $31 in late August. This is not financial advice. This is my personal opinion.
NYSE:NETLong
by thejdela
9
Buying Opportunity: Cloudflare (NET)Chart analysis is showing that Cloudflare (NET) is trying to form a bottom at an important Fibonacci level. Currently, there is momentum to the downside on the daily chart and a gap to be closed at 46.38. It's therefore likely that with the downward momentum, NET will attempt to close this gap and then quickly rebound up to 59 as it will also try to maintain price at or above this level for the monthly close. The weekly charts are already showing bullish signs and the asset's underperformance relative to the S&P 500 has already slowed down, which virtually always occurs right before a reversal. The Wave Trend Oscillator by @LazyBear shows that momentum to the downside on the highest timeframes is already bottomed and will soon start to revert back to the upside. On the daily chart, Heikin Ashi candles and Fibonacci Bollinger Bands also show signs of a bottoming pattern forming. The daily RSI has been showing bullish divergence since May. Therefore entering NET at prices around the gap closure at 46.38 could be a great risk-reward entry for long-term investors. Although anything is possible, it's statistically unlikely that NET will make a full retracement and fall much lower than the gap closure. In the years to come, Cloudflare will likely go to the moon. Not financial advice.
NYSE:NETLong
by SpyMasterTrades
Cloudflare: Will Resistance Hold Again? Cloudflare - Short Term - We look to Sell at 122.48 (stop at 132.12) We look to sell rallies. Bespoke resistance is located at 120.00. The bias is still for lower levels and we look for any gains to be limited. Choppy price action seen. We look for a temporary move higher. Our profit targets will be 94.27 and 83.10 Resistance: 120.00 / 140.00 / 170.00 Support: 100.00 / 80.00 / 65.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NETShort
by Saxo
1
Chinese Stock sinking ..!I believe this process will not end soon, do not try to catch a falling Chinese knife..! Charlie Munger has tried this with BABA and I do not think he is happy with his decision! Consider this: What would happen if China and Taiwan situation escalate..! Best, Dr . Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BABAShort
by Moshkelgosha
15
WNW from $160 to $2.09Wunong Net Technology Company Limited Changed its name to Meiwu Technology Company Limited Xinliang Zhang, CEO of the Company: “The Company’s new name better reflects the Company’s international business line beyond its Wunong Net business as a global high-tech internet trading platform with a global commodity chain and the comprehensive services such as online consultation, display, sales and after-sales services. We are excited about our development in this new chapter.” This is a speculative buy.
NASDAQ:WNWLong
by TopgOptions
4
NET 15 minNYSE:NET NET, 15 min, BAT Buy @ 135.04 - 133.15 Sell @ Target 1 = 136.19, Target 2 : 138.08 Stop loss @ 133.15 --------------FOR OPTION CONTRACTS -------------- 15 min Chart = Min 1 Month, Hold 2-3 Days ---------------------Disclamer ---------------------- I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NYSE:NETLong
by adhamdallou