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.
NET trade ideas
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.
Net looking bearishAfter a nice increase in price we had a doji at the top of the trend. On Friday Net closed below the low of the Doji which is signally a short signal. Right now looking for Net to break below 101.39. If it does break below, look for a psychological support at 100.00. Below that we have a support at 98.75. And if it breaks below there its got room to go to 95.77.
If the market is pulling back this week, Net is something worth keeping a very close eye on for puts.
NET: Third run up off the second base.120 is the target in a month.
Opened 110-112 call debit spread (CDS) expiring 7/9
Short term Bearish? I am really curious for feedback on this one. It has been overbought on the daily for almost a month. It has it's dips, but then it rebounds higher.
I keep thinking we will see a 10% pullback and it just hasn't happened yet. I also just detected a bearish divergence on the RSI divergence indicator.
And, it could be as stretch, but it seems like volume has been on a steady decline too which CAN indicate a trend reversal...
I have 2 puts in play here.
1- $101 strike by 7/23
2- $102 strike by 7/30
I'd love feedback from an expert.
Thank you
NET: Consolidation.Consolidation is broken upwards with the minimum target level around 200.
Unfortunately, I did not create trading ideas on time for all trading models. :(
NET - Breakout; Wait For PullbackCloudflare is making big moves in the market right now. A breakout has just occurred. Wait for a pullback to around $95 and there may be a good buying opportunity.
Bearish Alternate Bat with RSI Overbought at $100Going to target $65 for this one so long as we can get below $100 and stay below $100 this should play out very well.
NET Scalp trade shortPretty overextended... Expecting a retest at the minimum. But you never know with how juiced this market is. In a couple 100P weeklies, target 96 but won't get greedy.
Nearly 30% above DMA cmon now
NET looks strong Had follow through after breaking out of flag. Now against high. If it can close above that can see continuation. If not it can end up as double top and chop around through summer.
NET CLOUDFLARE POSSIBLY BREAKING OUTCloudflare Inc Cl A (NET)- DEVELOPS SOFTWARE FOR FIREWALL, ROUTING, TRAFFIC OPTIMIZATION, LOAD BALANCING, AND OTHER NETWORK SERVICES.
Trying this name again. It was good to me last year. Closed position 12/28/2020. I've been waiting patiently for this to continue its trajectory.
Possible breakout on high volume 2.6 million. Volume change 109%
06-08-2021
Entry 88.88
STOP 79.20
1 R 9.49
1 R PRICE 98.18
2R PRICE 107.67
3R PRICE 117.16
Earning increase 25% over quarter previous year
Educational purposes. Not meant as trading advice.
Net looking very bullish for new ATH. Keep an eye out for this one. NET is getting ready to make new ATH and its showing a bullish flag formation and still within the channel. this could possibly be an easy CALL option specially since it has an implied move toward 100 or more. a break above the line will confirm. enter at backtest and im buying the 90C exp 7/16 which is only 3.35 per contract. This is not an alert nor have i got a position. It is the option I am looking at if it receive further confirmation.
Buying zone before earnings at around 60I think that NET will go sideways for now and will be dumped before earnings, good buying zone will be at ~60 before earnings.
Weekly Watchlist May 3-7Here are some swing plays that I am considering this week. These are just some names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck!
My Watchlist:
$NET
$HALO
$VALE
$TX
$FLL
$WBT
$FUTU
$UPST
$OKTS
$INSP
$ABNB
$SNAP
$CVAC
NET (Cloudflare Inc.) - Bullish quarterly outlookCloudflare Inc.
Cloudflare Inc. provides platform protects and accelerates any Internet application online without adding hardware, installing software or changing a line of code. It operates principally in Austin, TX, Champaign, IL, New York, San Jose, Washington, D.C., Lisbon, London, Munich, Beijing, Singapore, and Sydney. Cloudflare Inc. is based in Denver, Colorado.
Analysis/Commentary
EPS Improving sales growth Quarter on Quarter
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the BASE following earnings
- Awaiting Slo Stochastic to trigger buy
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
$NET Breaks Above Recent ResistanceI had an alert set on this to see if it could break the recent line of resistance. It has and it's done it with lots of volume. You can see my entry and stop just below that line. I'll add if it holds the 50 day line with conviction. Ideas, not investing / trading advice.
