$NET - Found support, Bounce in playCloundflare found the support and could bounce to $65. If the environment permits, it could even go to $77 area.
Target 1 - $65
Target 2 - $77
Not an investment advice.
8CF trade ideas
Inside Day w/ BOS tradeDowntrend Break of structure and Inside day breakout
30min break down and pullback brought puts on continuation downward.
$NET accumuationCloudfare net flow bullish - even after this huge sell off accumulation is up.. all time vwap 72
NET Best entry at 60 Potential short - Nice options entry!Falling down below red cloud before earning report - low reading MFI - Still forming higher lows - if break down recent bottoms then possible target 65-60-55-50. Current at 90.74 and support at 85-82
NET has entered extreme support zone!better to wait for confirmation move now, longs will pay if we can hold and this zone again and then break above 65.43
but our short trigger is at 47.83, below there we see a lot more blood!
Cloudflare | NET | Short to SupportCloudfare ( NYSE:NET ) looks weak and ready to fill the gap below and retest support ($80 or below). If it really starts to slip, it may want to go for $70 (dotted blue line). However, caution should be used if this just wants to gap fill and then make a run up to the 200 EMA again. But, in the near-term (with the Federal Reserve meeting and OpEx this week), it may want to bleed down.
Net AnalysisLooking at the weekly and daily chart. It is creating good bearish flag. I am considering two scenarios here.
1. Triple bottom bounce with in the range in the upper territory
2. Breakdown and start following the pole length.
Also, looking at the flow, there is a bearish flow. Will be performing more fundamental analysis on it to understand and predict er
NET - Is it Worth Risking for 130% Upside?Do you believe in Cloudflare enough, the company which is still not profitable, to invest at this stage?
Fundamentally: although revenue grows exponentially the company is not making any profits, there is not much else to add and a lot will depend on the upcoming earnings report
Technically:
It is very tricky to analyse Cloudflare as it is a relatively young company and at its infancy development stage hence there is not much to assess on the graph
The proposed scenario, which is one of many, may look plausible if to consider that cyber security industry is crucial more than ever these days
One may count an impulse in the wave formed from March to November 2021. However, this scenario is based on the premise that this move was part of a Running Flat correction which completed in January 2022
Since then there were two impulse like movements that can be interpreted as zig-zag of the first impulse in the developing Ending Diagonal
Is it possible that this scenario may play out? Let's see the report and will revisit this thought.
However, at the moment it might be risky to go either way.
What do you think about this idea?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
NETHaven't really traded this name but this setup is interesting. Rejecting all ma's but the 50. Stuck between ATH VWAP & YTD VWAP. Hard for me to be longer-term bullish if below the 200 sma, so will be looking for short setups currently if anything.
NET downside ideaNoting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed. NET can be a big mover as a growth cybersecurity stock so watching this one for big moves this coming week.
$NET Swing Idea for 4/7Swing Idea For 4/7
$NET under 106 97-100 possible
*only valid if market ($SPY in this case) pushing down/red
#options #optionstrading
Double bottom breakoutNET moving strong past week, needs to cross 200 day to further confirm bullish thesis. Watching for a possible pullback as RSI is a bit overbought.
$NET Trading it 3/29, Top Gainer Playabove 127.5 (with test for support)
132-135 possible intraday
idea only valid if market green/positive 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
CloudFlare Inc looks confidentSo far TA shows 2 years of confident uptrend.
Now trying to push above Feb high. Chances of heavier correction doubles as price moves to hotter area of resistance.
Looks healthy to enter after a local retrace.
$NET - Potential for upsideOf the positive factors
1. The price has been consolidating above the support level around $85 since January
2. Price has pushed back from the rising trend line that began in March 20.
3. Buy volume prevails.
4. RSI on the weekly timeframe is trying to rise above 50.
5. MACD is trying to break through the signal line upwards.
6. Relative Strength is greater than 0 - which indicates the strength of the stock.
Negative points
1. trades below the 30W EMA
2. trades slightly below the $119 resistance level
Given the demand of the information security market, could go higher. To buy can be considered upon a correction at the $100 level, or after a breakout of the resistance level and a price move above $123. The next buy level after the breakdown on the volume of the 30W EMA level (around $135.5-$136)
Growth target above$ 210.
One of my favorite patterns forming on NET. These go parabolic..Want to know what a parabolic pattern looks like? Here it is.
NET (on the RIGHT) is testing the trend line it broke in June on its daily time frame. Quidel corp did the same on the quarterly time frame. Bitcoin did this too before going parabolic.
Quick disclaimer: This does not mean they all do
Cloudflare: Will Resistance Hold Again? Cloudflare - Short Term - We look to Sell at 122.48 (stop at 132.12)
We look to sell rallies. Bespoke resistance is located at 120.00. The bias is still for lower levels and we look for any gains to be limited. Choppy price action seen. We look for a temporary move higher.
Our profit targets will be 94.27 and 83.10
Resistance: 120.00 / 140.00 / 170.00
Support: 100.00 / 80.00 / 65.00
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$NET DWatch this small area on NET, previous support and now tested 3 times and failed to break, a forth time will break I'd say.
NET paints higher low into resistance: Clouds to Flare again ?Plotted here are 3 different fib series.
Confluence zones are of primary interest.
Possible higher low, now at early resistance.
$ 108.74-111.62 above is moderate resistance.
$ 116.50-117.97 is stronger and KEY resistance.
$ 98.24 - 102.29 below is strong DUAL support.
The primary (thick) fibs are from its Genesis Sequence:
$NET - breaking out of descending wedgeBounced from the support and is now broken out of the descending wedge. With the momentum, price could reach $136 area. However, the $120 area could act as a resistance. If the price is rejected from the $120 area and travels back to the $100 area before bouncing back. If that happens, the inverse head and shoulder could form with the neckline at the $120 area. The measured move for inverse head and shoulder is $160.
Target 1 - $120
Target 2 - $136
Target 3 - $160
Risk - Rejected from $120 and fall back to $83 with the worst case $65.84
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Net trade opportunity Net has a really good looking head and shoulder pattern. The right shoulder is forming right now. Since the stock jumped 10 percent today IV is extremely high on contracts but i still entered a light position. My stop loss is a close over 116 with my 2 pts at 105 and 95. The risk to reward is extremely good, the only thing im worried about is the iv on my contracts.
Golden Cross 60% gainWe had a golden cross on Cloudflare expecting a min rise 0f 60%
We have set a trend based fib extension to calculate price target set stoploss below the cross..
