# NET 1.61 rejection?

NYSE:NET   Cloudflare, Inc
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Again I learned how bad I am at this. Missed the "wholesale" price @ 115. Essentially this was forming a base around 120.

Now basically looking for this stock to break ATH decisively (128), retrace and hold there, and then go long.
Comment: I think I drew this wrong, by checking the "fib levels based on log scale" button, which IMO does not help.

Redrawing this with standard fib levels shows a 1.61 level of 117.28, which is indeed where this stock was holding (with some attempts below, see previous analysis)