Rating Downgrades, aligned with our analysisTook a short today per the post below
and looks like we are getting similar analysis from oppenheimer
www.tradingview.com
8CF trade ideas
Worth a shortThis looks tired based on the divergence and may be a worth taking a short for correction.
NET 1.61 rejection?Again I learned how bad I am at this. Missed the "wholesale" price @ 115. Essentially this was forming a base around 120.
Now basically looking for this stock to break ATH decisively (128), retrace and hold there, and then go long.
NET$NET – momentum weakening on a daily basis. RSI backed off 61.8, currently above the RSI trendline; needs to hold that. Price is just above the daily 20 EMA. A close below the daily 20 EMA, around $119.50 opens the door to the daily 50 EMA, around $112.
NET - At Volume Profile Node (8/23/2021)ATR and Volume is currently declining and price is at slightly above the largest volume node. Stock has let the 23EMA catch up and has held very well recently. Has tested the ATH breakout a few times but buyers cant seem to take over the stock as sellers are present but drying up. Range has been somewhat tightening on lower volume as well. Looking at the 30M seems like buyers are more aggressive than the seller currently.
Big moment for NETI'm new to this game, despite having been in the market for 20+ years.
This flag looks bullish to me, but it could go either way I think.
Setting an alert, but not a stop, @ 115. Depending on what happens I will probably try to get out if it goes below that. Learning to not get stopped out by MM's who are trying to take my money. But don't want to lose capital either.
NET PennantFor one of my followers, plotted the NET pennant on intraday for the week.
No idea which way this breaks, almost looks like a diamond reversal.
Cloudflare forming a rising wedge$NET has been in an uptrend since September '20, consolidating during October - April '21. In May it started forming the rising wedge pattern we see here, with the RSI being overbought and MACD forming a cross. Cloudflare made a lackluster Q2 report, which could trigger a reversal.
$NET on a beautiful upward trendSince Q1'21 earnings, $NET has been ripping upwards, climbing steadily along the trendline and staying above the 30-day MA. Chaikin money flow indicating heavy buying pressure starting as of late May.
Last week I observed a rising wedge forming in the chart:
I'll be Looking to accumulate during the dips as the price breaks out of that wedge and bounces off the trendline.
Thanks for stopping by, have a nice day. :)
NET Grinding higherWould like to see it overtake the curve again and grind up if not could see a "slow" consolidation into middle of 2022 to 190-220 which I would be very happy about.
Net looking bearishAfter a nice increase in price we had a doji at the top of the trend. On Friday Net closed below the low of the Doji which is signally a short signal. Right now looking for Net to break below 101.39. If it does break below, look for a psychological support at 100.00. Below that we have a support at 98.75. And if it breaks below there its got room to go to 95.77.
If the market is pulling back this week, Net is something worth keeping a very close eye on for puts.
NET: Third run up off the second base.120 is the target in a month.
Opened 110-112 call debit spread (CDS) expiring 7/9
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
NET: Consolidation.Consolidation is broken upwards with the minimum target level around 200.
Unfortunately, I did not create trading ideas on time for all trading models. :(
NET - Breakout; Wait For PullbackCloudflare is making big moves in the market right now. A breakout has just occurred. Wait for a pullback to around $95 and there may be a good buying opportunity.
Bearish Alternate Bat with RSI Overbought at $100Going to target $65 for this one so long as we can get below $100 and stay below $100 this should play out very well.
NET Scalp trade shortPretty overextended... Expecting a retest at the minimum. But you never know with how juiced this market is. In a couple 100P weeklies, target 96 but won't get greedy.
Nearly 30% above DMA cmon now
NET looks strong Had follow through after breaking out of flag. Now against high. If it can close above that can see continuation. If not it can end up as double top and chop around through summer.
