NET NYSE:NET is a riskier play at this moment due to the overall weakness in tech stock and market conditions. But, in comparison to other companies in this sector NET is holding up fairly well and showing some relative strength. NET tried to get over $76 today and failed to hold above. Testing a strong support zone for the third time over the past two months...
With earnings next week 2/11 coming off an impressive Q3 report, and with such a bullish looking pattern, I'm expecting a pop out of this triangle. Based on past measured moves, the target would be around $107 if we do break past $85 and hold strong. Long term hold regardless of the outcome.
NET - Ready to Test the Highs
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Good luck, happy trading and stay chill,
Cloudflare continues to look great.
I own shares.
$FSLY NYSE:FSLY had a monstrous day today and with Cloudflare being their closest competitor with a larger percentage of CDN market share, it makes sense to long Cloudflare as well.
Orange trend line turned support
Idea: 4hour chart: 200ema support, daily chart: 50ema currently us as support and 0.236 fib level as buy range in bullish trend with higher lows.
1). Limit Buy: 38$
2). Limit Buy: 38.20$
3). Limit Buy: 38.44$
Average price: 38.269$
1). Take Profit: 41.75$ (+8.95%)
2). Take Profit: 42.29$ (+10.73%)
3). Take Profit: 49.90$ (+30.52%)
Stop Loss: ...
Trend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment.
If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party...