NET CLOUDFLARE POSSIBLY BREAKING OUTCloudflare Inc Cl A (NET)- DEVELOPS SOFTWARE FOR FIREWALL, ROUTING, TRAFFIC OPTIMIZATION, LOAD BALANCING, AND OTHER NETWORK SERVICES.
Trying this name again. It was good to me last year. Closed position 12/28/2020. I've been waiting patiently for this to continue its trajectory.
Possible breakout on high volume 2.6 million. Volume change 109%
06-08-2021
Entry 88.88
STOP 79.20
1 R 9.49
1 R PRICE 98.18
2R PRICE 107.67
3R PRICE 117.16
Earning increase 25% over quarter previous year
Educational purposes. Not meant as trading advice.
8CF trade ideas
Net looking very bullish for new ATH. Keep an eye out for this one. NET is getting ready to make new ATH and its showing a bullish flag formation and still within the channel. this could possibly be an easy CALL option specially since it has an implied move toward 100 or more. a break above the line will confirm. enter at backtest and im buying the 90C exp 7/16 which is only 3.35 per contract. This is not an alert nor have i got a position. It is the option I am looking at if it receive further confirmation.
Weekly Watchlist May 3-7Here are some swing plays that I am considering this week. These are just some names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck!
My Watchlist:
$NET
$HALO
$VALE
$TX
$FLL
$WBT
$FUTU
$UPST
$OKTS
$INSP
$ABNB
$SNAP
$CVAC
NET (Cloudflare Inc.) - Bullish quarterly outlookCloudflare Inc.
Cloudflare Inc. provides platform protects and accelerates any Internet application online without adding hardware, installing software or changing a line of code. It operates principally in Austin, TX, Champaign, IL, New York, San Jose, Washington, D.C., Lisbon, London, Munich, Beijing, Singapore, and Sydney. Cloudflare Inc. is based in Denver, Colorado.
Analysis/Commentary
EPS Improving sales growth Quarter on Quarter
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the BASE following earnings
- Awaiting Slo Stochastic to trigger buy
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
$NET Breaks Above Recent ResistanceI had an alert set on this to see if it could break the recent line of resistance. It has and it's done it with lots of volume. You can see my entry and stop just below that line. I'll add if it holds the 50 day line with conviction. Ideas, not investing / trading advice.
NET on watchMassive move today. Would love to get this on a pull back to the green box, but may not get a chance. I have another alert set at todays high. A break of the high could get us up to 82.20.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Additional Additional Info:
If you use options to trade high IV stocks it is crucial to wait for some consolidation or a pull back.
If you buy an option when price is stretched you will find that even when the instrument trades in your
direction you will lose money because you will have paid too much premium.
Simple rule = BUY options when candles are SMALL and SELL options when candles are BIG.
NET: Breakout Confirmed, 30.09% Potential Profit!Description: NET is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $70.2 - $76.5
2. Take profit: $100.96
3. Stop Loss: $70.97
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 97%
$NET - IHS? NET could have an inverse head and shoulders.
Awaiting confirmation, but there is potential that confirmation will come next week.
Could be a time to lightly accumulate at a lower cost, but never enter your full position at one time.
Averaging up is strongly advised; avoid averaging down.
I will lightly accumulate at $73.35, $75.50, and last $78.
Target is high 90s, stop loss around $$67-$68 (major support at $60 level).
I hold onto a core amount of shares and sell calls if the market get's choppy.