Cloudflare has strong fundamentals and was recently oversold to nearly the lower 200 day 2nd standard deviation.
A reversion to the 200 day mean yields 30% (my estimate: over the next 1-2 months).
A visit to the all-time-high would be 420% (my estimate: over the next 2 years).
A recession may force it lower, however.
A reversion to the 200 day mean yields 30% (my estimate: over the next 1-2 months).
A visit to the all-time-high would be 420% (my estimate: over the next 2 years).
A recession may force it lower, however.
Trade active
Note
I've taken some profits at 30% gain, which i've reallocated to my other published ideas for AYX and ENPH that haven't rebounded as fast, yet.Note
I've sold out of this position with an average ROI of 45% after just 20 days. I reinvested into SQ, JKS, and FVRR.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.