N2ET34 trade ideas
NETa quarterly gainer, rising +64%. Expect Uptrend continuationCloudflare Inc - Ordinary Shares - (NET, $38.7) was one of top quarterly gainers, jumping +64.26% to $38.7 per share. Tickeron A.I.dvisor analyzed 118 stocks in the Information Technology Services Industry over the last three months, and discovered that 96 of them (81.4%) charted an Uptrend while 22 of them (18.6%) trended down. Tickeron A.I.dvisor found 43 similar cases when NET's price jumped over 15% within three months. Tickeron AI shows that
in 43 out of those 43 cases, NET's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for NET are 90%.
Current price $41.12 is above $38.35 the highest resistance line found by Tickeron A.I. Throughout the month of 06/25/20 - 07/28/20, the price experienced a +9% Uptrend. During the week of 07/21/20 - 07/28/20, the stock enjoyed a +2% Uptrend growth.
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 23 of 24 similar cases where NET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
NET BUY OR LONG , TARGET UP TO $45I spotted a form called " Flag ," which confirmed frame 4h and was on my way to $ 45.
Net buy : $36.80
Net target : $45
Stop loss : 7%
Wish you good deals.
$NET Bullish Sign Breakout$NET has a nice breakout. TP will be range from $45 to $50 area in couple weeks. It will be about 20 to 25% gain.
RSI is indicating little over bought, but the MACD is looking bullish. It might pull back little and test the breakout price $38.50 in short term.
$NET - Strong Parabolic CandidateThe Cloud Services sector is my favorite right now! Especially on stocks which have not ran much yet ($AKAM). To me, NET seems like it could follow in the steps of $FSLY 's insane parabolic move. It's step-by-step setup is following perfectly and remains bullish in my eyes. RSI does not indicate overbought so this still has some room to fly. I would recommend getting in below $38 but what do I know.
GL
CLOUDFARE is to BUYHey people, CLOUDFLARE gives a bearish signal, it can turn around to climb to get those higher.
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NET setupAfter a sizeable runup NET looks like it will shockwave within this range which may involve a fakeout dip and then reach new highs.
NET - MOMENTUM TRADE SLINGSHOTCLOUDFLARE (NET) met expectations 2 days ago on my previous post and broke out from a Blue Sky Set-Up. It paused yesterday for profit taking and is currently set-up again to continue it's move to hit a round number target. Needham just raised its price target to 38, a mere 3% away from it's current price. NET is a clear beneficiary of the shift to work from home and e-commerce on increased demand for cybersecurity. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
Current set-up is a slingshot which could potentially result to another Bullish Marobozu similar to the breakout candle. Possibilities are: (1) it pauses for another day (today) with low volatility or (2) continue its range expansion and hit 38-40. Pauses can extend to three days with tightening ranges and decreasing volume indicating a healthy profit taking before proceeding to make an explosive move which is otherwise referred to as a Boomer Set-Up. Best approach to prevent early participation if explosive breakout doesn't materialize is to buy at the break of the yesterdays high supported by volume acceleration. This can clearly observed and managed on the 15-minute chart.
NET : SLINGSHOT TO BOOMER SET UPCLOUDFLARE (NET) met breakout expectation from a Blue Sky set-up and is currently on a pause currently on Slingshot Set-up to potentially continue its range expansion. Needham just raised its price target to 38, a mere 3% away from its current price. NET is clearly a beneficiary to the work from home and e-commerce shift with increasing demand for cybersecurity. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
On technical analysis, a Slingshot set-up is a brief healthy profit taking with very little volatility which could result to another range expansion similar to the Bullish Marubozu breakout candle 2 days ago. If the expansion doesn't materialize today, the ranges can get tighter for 2 more days which could be a springboard to the potential expansion (Boomer Set-Up). To avoid opportunity cost, it's best to buy at the break of yesterdays high supported by volume acceleration. Price action is best observed and managed on the 15-min chart for ease of execution. Trade duration is as little a few hours to a day. If position is ahead and does not hit price target, sell half to protect gains and trail stop the balance on the 5-day EMA to minimize weekend risk.
As always, risk first and profit second. Be aware of your risk profile and only risk what you can afford to lose.
$NET Looking StrongI use Cloudflare CDNs regularly for work, they have fantastic tech and continue to grow. They shrugged off the previous 2 massive dips, last Thursday June 11 and March. Long play with massive upside.
NET keeps climbing, NEXT TARGET U$36NYSE:NET is in a perfect ascending channel since the lowest low following the crash market due to the Covid-19.
Next Target: $36
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Next leg up for CloudflareNext leg up for Cloudflare from 30 - recently breaking out of a triangle on the daily chart.
$NET - great break out trade - likely a new winner15% pop in 2 days after breakout. Took partial profit, letting the rest run.
$NET breakout on Huge Volume$NET has been volatile and testing previously. However, recent weeks action has been incredible encouraging. Been hugging the 21EMA and now a nice breakout. More upside expected.
NET SLINGSHOT / JACK IN THE BOXI know very little about CLOUDFLARE but I know a chart I like when I see one. This chart definitely have the candles that light the way to profitability. A nice reminder of what I learned from my mentor : TRADE WHAT YOU SEE or TRADE WHAT YOU KNOW?
This is definitely a purely technical approach. Trade now ask questions later. This chart needs no complicated indicators or oscillators. It's purely PRICE ACTION with VOLUME at it's finest. But if you insist on confirmation, check out the MACD crossing up and OBV showing ever increasing buying pressure.
Buy at the break of previous days high for potential 10% range expansion. And as always, manage your risk wisely.
