NET - And another Cup & Handle

just4tradin Updated   
NYSE:NET   Cloudflare, Inc.
NET formed a beautiful Cup & Handle and breaking out of it.

54 would have been optimal entry but not too late. This has 2x - 3x potential from here.

Too many confluences here -
1. Based over 75 and forming a Bull Flag on weekly timeframe.
2. Bouncing on 200 Week EMA
3. Over the 2021 ATH VWAP & IPO VWAP
4. The mighty 3rd wave in-progress

Long here with stop loss 75

For now let's target conservatively.

Target #1 110
Target #2 130
Trade active:
Almost there, Earnings and a strong move up

Trade active:
Booked most of my short term profits. will reload once it's settles down

Trade closed: target reached
Trade active:
Moving on the next target. We can consider the gap is filled

Target #2 130

NET inching up slowly. The sector isn't strong now. CROWD earnings pop faded quick. Let's see what it does.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.