alxiv

$NET on a beautiful upward trend

Long
NYSE:NET   Cloudflare, Inc.
Since Q1'21 earnings, $NET has been ripping upwards, climbing steadily along the trendline and staying above the 30-day MA. Chaikin money flow indicating heavy buying pressure starting as of late May.

Last week I observed a rising wedge forming in the chart:

I'll be Looking to accumulate during the dips as the price breaks out of that wedge and bounces off the trendline.

Thanks for stopping by, have a nice day. :)
Disclaimer

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.