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jacobosiason7

Falling Wedge- Bullish

Long
Cloudflare, Inc. (NYSE:NET)  
jacobosiason7 Updated   
NYSE:NET   Cloudflare, Inc.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout support_and_resistance supply_and_demand oversold falling_wedge hidden_divergence buyer swingtrading
6
2
trendanalysis chartpattern indicator bullish breakout support_and_resistance supply_and_demand oversold falling_wedge hidden_divergence buyer swingtrading
NET starting to catch my eye here after holding this falling wedge for quite some time now. Seemingly has found some support as it closed on the daily timeframe sitting right on its 200-Day EMA. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on the meantime-
Hourly Timeframe Attached Below

- Sitting on its 200-day EMA
- RSI is Nearing Oversold Territory (Not Pictured)
- Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below)
- Bullish Hidden Divergence on the RSI on the Hourly Timeframe (See Attached Chart Below)
- MACD Cross on the 4-Hour Timeframe (Not Pictured)
- Buyer Volume Starting to Pick up Relative to Seller Volume

PT1- $132.34
PT2- $134.40
PT3- $136.36
PT4- $138.92

--Hourly Timeframe--
snapshot
Comment:
PT1 & PT2 Reached ✅
Trade closed: target reached:
All Price Targets Reached ✅
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