NET trade ideas
NET - bounce candidate?While this is definitely on my 'high price/sales ratio' short candidate list, some of the action the past few days is suggestive of a short term bottom/bounce.
* MACD starting to turn up (hourly almost crossing the 0 trigger line)
* RSI coming out of oversold
* (not shown) coming out of bottom end of bollinger bands)
* a few long wick hammer-esque candles
* possible descending wedge (not well supported by volume story tbh, and could even be a downtrend *channel*),
I'm looking for a trade up to 170 in the next few sessions -- an optimistic view might be up to 180.
NET, Daily, Deep Crab NYSE:NET
$NET CloudFlare,
Daily, Deep Crab
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Buying between 130.54 - 145.49
Sell @ Target I : 165.58 , Target 2 187.23
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Buy CorrectionShort term (rest of the year) Cloudflare will be in a correction (profit booking) like the rest of the market, which has been driven up crazy since the march dip 2020.
Cloudflare will find support at 0.786 Fibonacci around 130-140$ which will be a good entry point for the start of next year 2021.
NET - Market leader Setting up for leg higher.
VCP during consolidation.
Needs to show some RS next selling day, weak 11/10 with markets red.
nice area to take longbreaks up and tests for support add on/right after test
use lower time frames to see test
first box is price target once above and tests for support nxt price target is 1/2 ATR to full ATR
short if breaks major support (bottom box) with test up for resistance (can be seen on lower time frame)
How is this going to endI have been wrong about this stock a few times in the last few weeks considering its done and it shouldn't be going up anymore. Well, i was wrong.
I think this stock still has 20% upside and will reach up to 260+ before it will see a significant correction.
With today's earning beat this will rally tomorrow and i don't have an entry point yet. if someone is long already, this is just my view on where the profits can be booked.
$NET Put idea...Market looking weak, grabbed a net $180 put at $2.00 earlier, now $2.43 could make it a spread with selling the $170 or $165
Crazy stockWE shorted this first at 132, covered at 115. Went long at 113 and i covered my position fairly early and tried shorting it again, this stock didn't stop at nothing. I think its overstretched and i have taken another short attempt today.
NET idea #1Working on its 11th consecutive higher daily close on decreasing volume.
Will look for shorts under 165.
NET to 195 then pullback Should have a little more room to 195 resistance then I think we pullback to 175 support.
Overbought on weekly RSI,MacD, MFI, Bollingerbands.
This run this stock has had reminds me of Oracle's summer run.. it happens when there are limited shares of a company and institutions are buying it up
$NET if the market pulls back...One more try here, Net $170 puts 10/29 for $2.20, tight stop if we push into close...
NET forming a flag if he head lower tomorrow it will be a conformation for me that a flag is forming.
Short below 175.
Target 165
stop 176
Long over 176
Target ATH
stop 174.50
$NET trying a put...Been the darling for weeks now, seems a little extended. Tried a few $170 same week puts at $1.69, solid risk/reward. Will close out tomorrow regardless of the move, just a quick theory that we are due for a pull back...
Cloudflare with 1 yr linear regression channelPrevious chart had linear regression set at 65 days.
Both use 2% standard deviation.
Moving average line on volume = 12 days
Cloudflare $NET on a Run!Just more buyers than sellers ... right?
Or maybe market is anticipating better than expected revenue numbers with pending Earnings Release.
Anyway, 13 days in a row and a mere 68% increase in price/ market cap month to date.
Pennant Pattern on Cloudflareif the price breaks the Pennant tomorrow (19-June-2020), there is a potential 16% uptrend
Shorting this again.First short done here -
then long - though i closed it at $121. It did much better than what i expected.
Shorting it again with the SL of $138.00.
Cloudflare reaching a real top here?Hi, I've been following Cloudflare for a while, on the surface to be fair, and this stock is obviously valued at a premium where 50% CAGR is expected for a loooong time imo.
As the chart shows, on LOG scale, we are at trend of previous tops, and I've initiated a short position here, nothing big, mostly for fun, as I'm fundamentally a long term investor who does this for fun.
The stock has been overbought for a while on the hourly, and therefore it is poised to begin sinking imo.
Of course I need a stop loss with this, as I might very well be wrong, and I don't have a price, but if it makes a candle above the trend line, I'll be out.
Time may also force me out, as the trend obviously is bullish, therefore trending higher.
