$NET trying a put...Been the darling for weeks now, seems a little extended. Tried a few $170 same week puts at $1.69, solid risk/reward. Will close out tomorrow regardless of the move, just a quick theory that we are due for a pull back...
NET trade ideas
Cloudflare with 1 yr linear regression channelPrevious chart had linear regression set at 65 days.
Both use 2% standard deviation.
Moving average line on volume = 12 days
Cloudflare $NET on a Run!Just more buyers than sellers ... right?
Or maybe market is anticipating better than expected revenue numbers with pending Earnings Release.
Anyway, 13 days in a row and a mere 68% increase in price/ market cap month to date.
Pennant Pattern on Cloudflareif the price breaks the Pennant tomorrow (19-June-2020), there is a potential 16% uptrend
Shorting this again.First short done here -
then long - though i closed it at $121. It did much better than what i expected.
Shorting it again with the SL of $138.00.
Cloudflare reaching a real top here?Hi, I've been following Cloudflare for a while, on the surface to be fair, and this stock is obviously valued at a premium where 50% CAGR is expected for a loooong time imo.
As the chart shows, on LOG scale, we are at trend of previous tops, and I've initiated a short position here, nothing big, mostly for fun, as I'm fundamentally a long term investor who does this for fun.
The stock has been overbought for a while on the hourly, and therefore it is poised to begin sinking imo.
Of course I need a stop loss with this, as I might very well be wrong, and I don't have a price, but if it makes a candle above the trend line, I'll be out.
Time may also force me out, as the trend obviously is bullish, therefore trending higher.
Cloudflare: This high-flying growth stock makes cloud computing "Brian Withers (NET): Cloudflare stock has been on a tear this year, up over 75%. While its fundamentals have improved, there's lots of excitement priced into this stock. Its price-to-sales (P/S) ratio is reaching a high-altitude, cirrus-cloud level of 77. But if the market pulls back in October, this is one you'll want to add to your portfolio. Let's find out why.
First, the recent top-line growth and customer numbers are top-notch. Second, the company is growing its addressable market by adding adjacent products. When the company went public, it targeted its addressable market at $32 billion focused on its Cloudflare Application Services. By 2024, it expects its market to be $100 billion with general category growth and the addition of its Cloudflare Network Services and Cloudflare Zero Trust Services. With this rounding out of its offerings, it is making a more attractive platform for customers to grow their spend over time. Its most recent quarters' record 124% dollar-based net retention is evidence this strategy is working.
Lastly, the market for cloud computing is becoming a massive market. International Data Corporation (IDC) forecasts the market for cloud computing and all of the related hardware, software, and professional services to be $1.3 trillion by 2025. This is up from $707 billion in 2021, representing a compound annual growth rate of 17%.
This easy-to-onboard cloud service is attracting more customers and growing its market. If the only thing holding you back is its lofty valuation, this would be a great stock to add to your watch list in case the market pulls back this month."
- The Motley Fool
NET LONG (CLOUDFLARE)s.e. 99.50
s.l. 180.81
t.p. 61.17
In according to the indicator we can see a bull trend for long, but the other indicators MACD and RSI suggest that the graph will have a little down flex. whit this prevision we try to put the entry when this flex will be finished but to safeguard our operation we put a lower s.l.
no financial advise
Update on NetShort was pretty good on this one and then i have initiated a long for the target of $119. Will close longs at $119 and then wait for another short position on this
Weekly Watchlist 10/4 - 10/8Here is what stocks we are looking at this week!
NASDAQ:AAPL
Seeing a nice bounce off of 100sma and the .50 fib level.
Looking to take a move over $143 with targets of $144, $145, and $146
NYSE:NET
Nice consolidation and retest of old $112 support.
Looking to take a move over $116 with targets of $118 and $120
Correction in store for NET White line - Primary trendline
Green line - Target
Yellow line - Rising wedge
Fell outside of wedge today and closed below daily 50ma
Rating Downgrades, aligned with our analysisTook a short today per the post below
and looks like we are getting similar analysis from oppenheimer
www.tradingview.com
Worth a shortThis looks tired based on the divergence and may be a worth taking a short for correction.
NET 1.61 rejection?Again I learned how bad I am at this. Missed the "wholesale" price @ 115. Essentially this was forming a base around 120.
Now basically looking for this stock to break ATH decisively (128), retrace and hold there, and then go long.
NET$NET – momentum weakening on a daily basis. RSI backed off 61.8, currently above the RSI trendline; needs to hold that. Price is just above the daily 20 EMA. A close below the daily 20 EMA, around $119.50 opens the door to the daily 50 EMA, around $112.
NET - At Volume Profile Node (8/23/2021)ATR and Volume is currently declining and price is at slightly above the largest volume node. Stock has let the 23EMA catch up and has held very well recently. Has tested the ATH breakout a few times but buyers cant seem to take over the stock as sellers are present but drying up. Range has been somewhat tightening on lower volume as well. Looking at the 30M seems like buyers are more aggressive than the seller currently.
Big moment for NETI'm new to this game, despite having been in the market for 20+ years.
This flag looks bullish to me, but it could go either way I think.
Setting an alert, but not a stop, @ 115. Depending on what happens I will probably try to get out if it goes below that. Learning to not get stopped out by MM's who are trying to take my money. But don't want to lose capital either.
NET PennantFor one of my followers, plotted the NET pennant on intraday for the week.
No idea which way this breaks, almost looks like a diamond reversal.
Cloudflare forming a rising wedge$NET has been in an uptrend since September '20, consolidating during October - April '21. In May it started forming the rising wedge pattern we see here, with the RSI being overbought and MACD forming a cross. Cloudflare made a lackluster Q2 report, which could trigger a reversal.
$NET on a beautiful upward trendSince Q1'21 earnings, $NET has been ripping upwards, climbing steadily along the trendline and staying above the 30-day MA. Chaikin money flow indicating heavy buying pressure starting as of late May.
Last week I observed a rising wedge forming in the chart:
I'll be Looking to accumulate during the dips as the price breaks out of that wedge and bounces off the trendline.
Thanks for stopping by, have a nice day. :)
NET Grinding higherWould like to see it overtake the curve again and grind up if not could see a "slow" consolidation into middle of 2022 to 190-220 which I would be very happy about.
