Cloudflare, Inc.Short
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
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
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