The 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
Spot shares picked up at 18.23. Stop at 17.21.
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.
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.
Kudos to those that bought in from last week, nice run up.
jumped above the wedge, and looking to push upward.
Possible NET Breakout 10da MA passes 50day MA for Elliot Wave 3
I 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...
Way 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.
grizzle.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.
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...
A 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.