NET can make a significant move upNET is trending higher and can make $10+ move up before the year end.
NET trade ideas
Technical Analysis on Cloudflare (NET)Cloudflare ( NET ) experienced exponential growth between 2020 and 2021, followed by a sharp decline in 2022. This decline halted around a support level at approximately $40, which has been tested multiple times as a key level.
Recently, the stock broke through a significant volume area, also surpassing a key resistance level that had been tested multiple times in the past.
Bullish Scenario
Currently, it appears to be in a retest phase. If this level can hold as new support, the stock could continue its upward trend, with an initial target around $130.
Bearish Scenario
If the retest fails, as it did in April 2024, the stock may retrace toward the POC area, located around $60. A move below this key level would increase the likelihood of a further decline toward the critical $40 support, previously tested multiple times, where it could attempt to stabilize once again.
NET Into Internal PivotLooking for 84.50 level to potentially hold. Currently tested and held 20EMA, would not be shocked if we get one more push lower.
Option flows may be a good trigger to watch on this name. Still plenty of inventory from Spring 2024 range 92-100
Dude. Loading up $NET. This thing is tight.Symmetrical wedge above all EMA and VWAP. Clear air on volume profile. This thing could go quickly.
longIt's very risky now.
It might have bottomed near term at 1.8834/36 and managing to rally beyond 1.90 again. And if someone expects this, he may not be wrong because stochastic made a positive cross, a doji plus a bullish candle but thats not too enough.
Someone else might come.. and say no, It's going down. and he also has good reasons. Why? GBPUSD almost touch the 1.8967-65 resistance, and it might be a place to find plenty of sellers. Also the bullish candle didn't close above 1.8953 bearish candle open. rather closed at 1.8946
All in all..Bullish trend is not confirmed, it has to make a close above 1.8967, things are pretty much trapped within 1.8834/36 low / bottom and 1.8965/67 high / top. And only IF bears enter to take control now and push prices lower again, most likely we will break the 1.8834.
I am staying out until either side is broken.
NET Long trade - Choppy but good probability This is the 2nd attempt on NET, last time it was quick move to the upside after it cleared 75 level. Like wise, this time wait for it to clear 83-84 level and then go for long.
Long above 83
Target 1 - 100
Target 2 - 110
Stop loss - 75
$NET - Let's go! NYSE:NET Cloudflare looks good. It is squeezed between the two VWAPs. The lower VWAP acts as a support and upper VWAP acts as a resistance.
I added more on this pullback. Once it closes above the upper VWAP, I believe it can launch to the $96 to $100 area. 🚀
When Cloudflare moves, it moves fast.
Targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NET: BREAK THROUGH INCOMING NET back on its way to the red zone. Will either reject and go back to the trend line or melt up to 100.
NET Crossover Swing IdeaNYSE:NET
Planning to enter at open tomorrow so long as we are above 81.50
SL: 78.81 (just below today's LOD)
TP: 90.57 (just at/below resistance level and very near my ATR multiplier target)
Headwind/Trim: 86.91 (strong high test)
Max Date: 10/2/24 at market open
Planning to buy:
Oct18 82.5c for ~3.80
$NET - Looking betterNYSE:NET is looking better. It is trading within a triangle pattern, and a breakout from this triangle could propel the stock towards the $92 area.
The targets are indicated on the chart.
Software stocks have been beaten down for so long. There might be a shift towards bullish sentiment.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
$NET | The consolidation ends has consolidated far too long
why? f you thats why
they beat earnings raised guidance
beautiful flag on a low timeframe
I expect this name to rally with time
NET Support breakdown possible , US Stock76 below Support breakdown possible
21 ema below close
73/71/68 expected to test soon
NET - JULY 24 MATrend Sustainable MomentumMATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
NET, 2024-06-25, LongContext:
Weekly - Support zone @ 66.24/61.34
Daily - Trend line break; Retracement back to "First Red"/Window
1h - BOS; Gap as entry/stop range (Using the last pivot point as the max stop range since the gap is a bit tight)
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Main Target - Weekly Resistance @ 95.68
Breakeven stop @ 84.03
2/3s out @ 85.93 (Fin ext. 0.618)
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Expected RR (at full) 7.18
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Notes:
There might be some static as we enter the 83.00 area.
NET breakdown possible , try swing short81.40 below breakdown possible
80/76.50 can test
trendline breakdown possible
21 ema below start trading fall will be sharp
$NET Cloudflare chart looks amazing!Triple bullish divergence on the MACD on the weekly chart
Three rising valleys pattern formed
200 day SMA tested as support
I think this is headed straight to $146 based on fb extensions
Feel free to leave a comment with thoughts or criticism
NET NYSE:NET
Needs to break that $76 resistance line or death cross pattern is approaching.
I like $65 to add more if support holds. There is a lot of volume in this area.
NET - Watch for a retest to go longWait for a pullback to go long
Long between 73-76
Target #1 - 90
Trader #2 - 100
NET has bigger targets, but let’s play this for 100 target
NET - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
$NET looks promisingNYSE:NET looks like it is recovering! If it can break out of that channel, it could see further upside. However, there is a risk that the stock could get rejected from the upper trendline and retreat. Therefore, risk management is a must.
I do not like the aggressive sales practices by the company reported on social media. There is a risk of a customer revolt, just like NYSE:U suffered.
Targets:
$78
$81
$86
Risk:
$71
$NET - Can it close the gap?NYSE:NET Cloudflare is tracking along the trendline. MACD just crossed bullish and RSI just exited the oversold territory.
$76 - $77 is the overhead resistance. If it can overcome that area, it could close the gap.
$NET - Resting on supportNYSE:NET Cloudflare is retesting the base breakout trendline. It could provide good support and a bounce. 👀
If this support fails, $66-$67 area is next.
Cloudflare Plummets 18% After Disappointing Revenue OutlookCloudflare Inc. shares ( NYSE:NET ) fell by 18.35% after the company's second-quarter revenue projections fell short of analysts' expectations. The company estimated revenue to be between $393.5 million and $394.5 million in the second quarter, with the midpoint missing analysts' estimates of $394.5 million. This has raised concerns about the company's ability to maintain its current growth rate. Cloudflare ( NYSE:NET ) and its peers have faced headwinds in recent months as businesses scaled back IT spending.
Despite this, the company posted adjusted earnings of 16 cents per share, up from a year earlier and beating analysts' estimates of 13 cents. Its first-quarter sales of $378.6 million beat analysts' estimates of $373.7 million.
Analysts believe that Cloudflare ( NYSE:NET ) is taking share from rivals with cloud-based offerings on its content-delivery network, and a sales-force restructuring has gained traction. New product launches and larger enterprise accounts may help the company maintain steady revenue growth.
Technically, Cloudflare ( NYSE:NET ) stock is trading below the 200-day Moving Average (MA) forming a downward gap that occurred as a result of the disappointing revenue outlook. the stock is trading with a Relative Strength Index (RSI) of 25.74 which is arguably oversold.
