Cloudflare forming a rising wedge

NYSE:NET   Cloudflare, Inc
$NET has been in an uptrend since September '20, consolidating during October - April '21. In May it started forming the rising wedge pattern we see here, with the RSI being overbought and MACD forming a cross. Cloudflare made a lackluster Q2 report, which could trigger a reversal.
Comment: Cloudflare is climbing steadily along the trendline established post Q1 earnings: