Note: - NYSE:NET - Reverse play of the last phase of extreme growth and consolidation - Software companies have been depreciated comparatively strongly in the last consolidation - Hot sector - Chart setting up nicely (support around 127$) - EMAs coming together - Fundamentals are great Disclaimer and Info: - No guarantee for the correctness of information...
This is a very neat chart. A wave complete and currently in B.
Short term (rest of the year) Cloudflare will be in a correction (profit booking) like the rest of the market, which has been driven up crazy since the march dip 2020. Cloudflare will find support at 0.786 Fibonacci around 130-140$ which will be a good entry point for the start of next year 2021.
Working on its 11th consecutive higher daily close on decreasing volume. Will look for shorts under 165.
Here is what stocks we are looking at this week! NASDAQ:AAPL Seeing a nice bounce off of 100sma and the .50 fib level. Looking to take a move over $143 with targets of $144, $145, and $146 NYSE:NET Nice consolidation and retest of old $112 support. Looking to take a move over $116 with targets of $118 and $120
Below I've posted a compiled spreadsheet (Google Drive spreadsheet), outlining a large portion of upcoming earning releases for the week of August 2 through August 6, 2021. Options market overestimation percentages, predicted/actual earnings release moves, and average implied volatility (IV) numbers have all been sourced from Market Chameleon (...
$CRWD showing a beautiful symmetrical triangle setup. If you missed my $BNTX callout this is next to run hard and fast. $PANW in their last ER admitted they are losing business to $CRWD which is growing at record pace. Positions: 240/250c 6/18; 250/260c 7/16
Cloudflare 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...
As you can see the price has been in a triangle for a few week. after breaking the triangle and the descending trend line it would be a good point to enter. Note that there is possibility that analysis goes wrong.
NET NYSE:NET is a riskier play at this moment due to the overall weakness in tech stock and market conditions. But, in comparison to other companies in this sector NET is holding up fairly well and showing some relative strength. NET tried to get over $76 today and failed to hold above. Testing a strong support zone for the third time over the past two months...
Possible Dip Buy Scenario here if momentum can hold. Watch NET this week.
NET has a traditional setup of the " Double Bottom " pattern, with many favorite features, a reasonable $87 buy point with Target: $105 , stop loss 6-8%.
Picked this one to share today mostly because of name recognition
$APPS to $46 before $70+ in 2021
NET - Ready to Test the Highs ______________________________________________________________________________________________________________________ This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
Is $CRWD ready for an $ABC correction to $195 CRWD is definitely a leader in its space but this run looks a bit extended and exhausted along with a potential corrective wave to $195. Use options to define risk as premium paid. Suggested options to use: Feb 5 Weeklies $200 put trading at $4 a contract.