Quick Look at CloudflareCloudflare is an internet networking company that operates a CDN network providing the service of protection against DDOS attacks.
Basically it keeps the internet running and speeds up loading times.
8CF trade ideas
Cloudflare Inc On breakout watch $netShort interest 8.21%,
Company profile
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration, and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn, and Lee Holloway in 2009 and is headquartered in San Francisco, CA.
Cloudflare, NET, broke out, held and looks goodThe chart looks good. nice breakout and held the area after the big sell off on Friday. Big increase in volume before the breakout as well. ATHs just above at $22, can it continue? I've no idea:) but I will be watching for a clean breakout of 21.50 next week. might pullback further, but bullish mid term, one to watch
Near-Term Support
Early Reversal Signal Indicator (ERSI) and Trend Shift Indicator (TSI) opening on the 1 month view
ERSI and TSI respond with 5 buy-points per chart view -- so look for support to last approximately 4-5 trading days
ERSI is best at BUY SIGNALS -- look to TSI and EARS (bottom two indicators) and others for sell.
Still looking strong New more reliable indicator: ERSI-- "Early Reversal Signal Indicator" show positive strength on the 1M chart.
Trend Shift Indicator also showing positive opening
EARS (for very early reversal info showing red to green).
Conclusion: not yet time to sell.
$NET Nice break with a run from last weeks chart. Kudos to those that bought in from last week, nice run up.
Possible NET Breakout 10da MA passes 50day MAPossible NET Breakout 10da MA passes 50day MA for Elliot Wave 3
CloudFlare: IPO DarlingI have a hard time analyzing IPOs because there's very little technical data to analyze, but I do have some personal industry experience with CloudFlare. The sentiment and fundamentals for this firm are strong, and that's all you can analyze with IPOs!
They're a tech company. They're positioned to eat Akamai's dogfood, too. They're not yet profitable, but that's common for a young company in the technology and internet space. They've increase revenue 43% from 2017 to 2018, and their racking up new paid customers like it's going out of style.
Take a look at the data for yourself:
www.forbes.com
medium.com
Pamp it... and cryWay to over valued like all tech ipo’s. Like most tech IPO’s it’ll pump for a little bit, then we’ll expect a drop when the original share holders sell, and buy more at the bottom.
Check, the IPO’s of SNAP, FB, SPOT, LYFT, UBER when they first when public.
I’d wait until more data appears on the charts, give it a couple days to weeks, to put a real buy order.
Needs to take a slight whooping before becoming a buygrizzle.com <- "When a great company isn't worth owning." Says it all really. Gonna wait and see like with Fastly. I'd like to enter in one of those ranges they had posted before today and double my money.
The guy who bought at $19.53 will eventually also get his, we can secure our tendies without being over the barrel as much.
Does NET offer a hedge amid tech carnage?Since hitting the market NET saw euphoria, a sharp selloff and then a grind up on a day where most cloud and saas plays (ROKU, NFLX, SHOP) got crushed and the market bled tech. It's likely to revisit $18.50 or even $18 again amid volatility but early signs are that NET made a good choice when they hit the market at a lower multiple. I am playing this as a swing trade but very much like the product suite and will hold long if I can get a sub $18 entry.
Cloudflare-going to the cloudA high valuation company with 50% Year over year growth.
The valuation is high but the if you check revenue multiples of other growth companies a multiple of 14 is still not bad.
