NET downside ideaNoting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed. NET can be a big mover as a growth cybersecurity stock so watching this one for big moves this coming week.
N2ET34 trade ideas
$NET Swing Idea for 4/7Swing Idea For 4/7
$NET under 106 97-100 possible
*only valid if market ($SPY in this case) pushing down/red
#options #optionstrading
Double bottom breakoutNET moving strong past week, needs to cross 200 day to further confirm bullish thesis. Watching for a possible pullback as RSI is a bit overbought.
$NET Trading it 3/29, Top Gainer Playabove 127.5 (with test for support)
132-135 possible intraday
idea only valid if market green/positive 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
CloudFlare Inc looks confidentSo far TA shows 2 years of confident uptrend.
Now trying to push above Feb high. Chances of heavier correction doubles as price moves to hotter area of resistance.
Looks healthy to enter after a local retrace.
$NET - Potential for upsideOf the positive factors
1. The price has been consolidating above the support level around $85 since January
2. Price has pushed back from the rising trend line that began in March 20.
3. Buy volume prevails.
4. RSI on the weekly timeframe is trying to rise above 50.
5. MACD is trying to break through the signal line upwards.
6. Relative Strength is greater than 0 - which indicates the strength of the stock.
Negative points
1. trades below the 30W EMA
2. trades slightly below the $119 resistance level
Given the demand of the information security market, could go higher. To buy can be considered upon a correction at the $100 level, or after a breakout of the resistance level and a price move above $123. The next buy level after the breakdown on the volume of the 30W EMA level (around $135.5-$136)
Growth target above$ 210.
One of my favorite patterns forming on NET. These go parabolic..Want to know what a parabolic pattern looks like? Here it is.
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
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
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$NET DWatch this small area on NET, previous support and now tested 3 times and failed to break, a forth time will break I'd say.
NET paints higher low into resistance: Clouds to Flare again ?Plotted here are 3 different fib series.
Confluence zones are of primary interest.
Possible higher low, now at early resistance.
$ 108.74-111.62 above is moderate resistance.
$ 116.50-117.97 is stronger and KEY resistance.
$ 98.24 - 102.29 below is strong DUAL support.
The primary (thick) fibs are from its Genesis Sequence:
$NET - breaking out of descending wedgeBounced from the support and is now broken out of the descending wedge. With the momentum, price could reach $136 area. However, the $120 area could act as a resistance. If the price is rejected from the $120 area and travels back to the $100 area before bouncing back. If that happens, the inverse head and shoulder could form with the neckline at the $120 area. The measured move for inverse head and shoulder is $160.
Target 1 - $120
Target 2 - $136
Target 3 - $160
Risk - Rejected from $120 and fall back to $83 with the worst case $65.84
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Net trade opportunity Net has a really good looking head and shoulder pattern. The right shoulder is forming right now. Since the stock jumped 10 percent today IV is extremely high on contracts but i still entered a light position. My stop loss is a close over 116 with my 2 pts at 105 and 95. The risk to reward is extremely good, the only thing im worried about is the iv on my contracts.
Golden Cross 60% gainWe had a golden cross on Cloudflare expecting a min rise 0f 60%
We have set a trend based fib extension to calculate price target set stoploss below the cross..
NET - No clue what's nextOne of THE most bullish chart since 2020 got hammered hard and found good support from the breakout zone. With ER next week, where price will end up is anyone's guess. with crazy moves like SNAP, FB, SPOT, NFLX, AMZN, I wouldn't want to gamble before consolidation.
$NET - Support broke - What's next?Net is currently resting on $83 support. Breaking below $83 would be really bad for bulls as it could reach $65 area.
According to fib extensions, next support levels are $65, $50 and $24.
Currently, it's not showing any signs of bottoming.
Sitting on the side line and waiting for the price to settle.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
NET triple AB=CD incomingThree different AB=CD patterns will complete in the next few days, with a price range of 78.21 to 84.22. This is also the peak of the VP of the last 300 trading days (82.30).
TV doesn't have a real AB=CD drawing tool that matches the CD to the AB leg, so I had to calculate this with percentage changes on a calculator.
#NET #NETSTOCK i think the stock reaching to finish correction ...this is not recomendation ...its up to you...give it to daily candels to rise up
$NET - Support broke - What's next?The price has broken below the support area and bounced from 2.618 fib extension area of $94 - $90 . If that fib support fails, we are looking at $65 - $50 with little support around $80 area.
Judging from RSI being oversold, the stock may get a near term relieve bounce. This bounce will find resistance at $110.
Right now sitting on the sideline and watching how this plays out until reversal or bottom is found.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
NET Long on WeeklyGoing long on NET via weekly chart. Strong reversal and bullish candle for this week in the fib channel. Two days left to confirmation but i think we finish strong and the MACD settles right on the bottom of that trend line.
NET - Oversold & strong buy. PT: $180RSI indicator showing that NET is oversold on the 3H chart. Strong buy at $180.
We see a rally to $175 - $180.
Our 5y forecast for NET is around $400 / $420.
Vertical line is one week after earnings.
www.nasdaq.com
For educational purposes only.
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
NET - Possible bottom here tooTrade safe on this one.
Notice the support around 130.
There is a small gap on that last move up, around 116.
Probably plenty of time to get in this.
