NET trade ideas
NET - 16.90% Potential Profit - Uptrend Corridor BounceSupport bounce in an Uptrend Corridor.
It might be a short-term trade (potentially intraday), depending on price action.
- 5-month uptrend
- RSI and STOCH well above 50 on the 5min
- MACD well above Signal on the 5min
Suggested Entry $39.14
Suggested Stop Loss $37.48
Target price $46.58
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EDIT: Changed Entry / Stop Losses
NET Long opportunityWe can see a bounce off strong trendline support and the 50 EMA. The stock wasn't affected much by the covid-19 and is still on the go to higher highs.
Short term long and a good long term investment in my opinion.
Best of luck to all!
Cloudflare buy zone and target after earningsCloudflare earnings
1. Revenue growth: +48% yoy
Margins: 75,8%
EPS: -0.3 vs estsimates -0.6, 100% surprise
2. Annual Client Net Retention: 115%
3. Cash on balance sheet: 2,74 years
4. Spending efficiency (growth to cash spend): 0,87x
Source: cloudflare.net 2/3 $NET.
Trend continues w CAGR of 50% and high margins. Company delivering on both soft and hard fronts.
Cloudflare Workers up 440%. CEO M. Prince describes how savvy Amazon Web Services customers move to Cloudflares services.
Short term target: 50 USD
GRIT Score anlyses for Q2: 5,24 to 7,77* . (Growth + Retention + In the bank + Targeted Spend ). Where 3-4 is good, 4-6 is better and >6 is best.
*I usually use total cost here vs cost of revenue. The latter of course gives a higher Grit score.
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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