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Kyo026
May 28, 2021 3:22 PM

NET Short

Cloudflare, Inc.NYSE

Description

I have been seeing this in a few sectors, but I see a Wyckoff Distribution (#2) occurring here as well. There is a gap at around $50 that I'm expecting it to fill.

1Y
RSI is topping.
MFI is overextending.

5Y
RSI is rising.
MFI is trending up.

ALL
RSI is showing a short incline, but could be peaking at 20 for a drop down after.
MFI is in a decline.

Volume also looks to be trending lower with lower highs.

The indicators could give a case for going higher with some of them being bullish.

Prediction: I believe we will see this fall.

For my educational purpose, not to be used as financial advice.

Comment

We may see a little pump from here, but there is more downside to go.
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