jaxdog

$NET Do or Die Here

Long
jaxdog Updated   
NYSE:NET   Cloudflare, Inc.
I am long NET with a half-sized position. I am anticipating a move above both the horizontal area of resistance and the downward sloping trendline. Looks to me to be a do or die here. The most positive thing on the chart IMO is the move over the upward sloping 40 Week MA. That will also serve as my stop area. See chart for thought process.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade closed manually:
I closed this this morning for a very small gain. Still high on my watchlist. It may need to consolidate here a little before making it's move. All TBD.
Comment:
I think this may be a healthy consolidation around this "Do or Die" area. This is still high on my watchlist but may take a few days to make a solid move one way or the other. I lean long.
Comment:
NET making a nice move today. I have a 1/2 size position. It's been choppy for awhile. I am hoping to be able to build this out to a full size position. If over $68 I think it can move. All TBD.

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