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NET trade ideas

NET - Breakaway Gap (huge volume!)NET gap out of a right angle triangle with extremely huge volume. This is likely to be a "breakaway gap" which usually occurs at the beginning of a trend and the odds of this gap closing in the near future is slim. There is a near term possible resistance coming up (filling of a prior gap) at around 77-78. Any dips going forward should be opportunity to long as there is room on the upside. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NETLong
by Juliac
NETI have been seeing this in a few sectors, but I see a Wyckoff Distribution (#2) occurring here as well. There is a gap at around $50 that I'm expecting it to fill. 1Y RSI is topping. MFI is overextending. 5Y RSI is rising. MFI is trending up. ALL RSI is showing a short incline, but could be peaking at 20 for a drop down after. MFI is in a decline. Volume also looks to be trending lower with lower highs. The indicators could give a case for going higher with some of them being bullish. Prediction: I believe we will see this fall. For my educational purpose, not to be used as financial advice.
NYSE:NETShort
by Kyo026
$NET, THE DISCOUNT OF THE DECADEBuying Cloudflare stock at these levels, and what seems to be an approaching opportunity to buy it at ~$30 is just an incredible discount. Myself and so many other developers around the world love building and deploying on Cloudflare, it's amazingly cost-friendly with a lot of free entry plans to get started at no cost. I am uber bullish on developers in general, it's a space that will grow exponentially. So many kids are growing up, wanting to code and deploy projects and Cloudflare makes it easy for them to get started at no cost, this is huge. When these kids grow up, they will be advocates for Cloudflare, they will pay it back. They will scale their web apps on Cloudflare, they will spend their money with the company that let them start building at no cost. It's what they'll be familiar with and Cloudflare will have a suite of products that will fulfill their needs. Cloudflare builds the right product and they build it fast. The founder is the CEO. They have a great leader at the helm who lives and breathes the space -- natural and passionate innovator. This is someone I have full confidence backing. Cloudflare continues to grow 50%+ YoY. This is the time to buy company's that are continuing to grow, despite the conditions of the economy. ibb.co As for the technicals, it sure seems that we are on the C wave of an ABC correction. I also added some trend lines that may or may not be respected. I am eyeing a bounce around $31 in late August. This is not financial advice. This is my personal opinion.
NYSE:NETLong
by thejdela
9
Buying Opportunity: Cloudflare (NET)Chart analysis is showing that Cloudflare (NET) is trying to form a bottom at an important Fibonacci level. Currently, there is momentum to the downside on the daily chart and a gap to be closed at 46.38. It's therefore likely that with the downward momentum, NET will attempt to close this gap and then quickly rebound up to 59 as it will also try to maintain price at or above this level for the monthly close. The weekly charts are already showing bullish signs and the asset's underperformance relative to the S&P 500 has already slowed down, which virtually always occurs right before a reversal. The Wave Trend Oscillator by @LazyBear shows that momentum to the downside on the highest timeframes is already bottomed and will soon start to revert back to the upside. On the daily chart, Heikin Ashi candles and Fibonacci Bollinger Bands also show signs of a bottoming pattern forming. The daily RSI has been showing bullish divergence since May. Therefore entering NET at prices around the gap closure at 46.38 could be a great risk-reward entry for long-term investors. Although anything is possible, it's statistically unlikely that NET will make a full retracement and fall much lower than the gap closure. In the years to come, Cloudflare will likely go to the moon. Not financial advice.
NYSE:NETLong
by SpyMasterTrades
NET - Is it Worth Risking for 130% Upside?Do you believe in Cloudflare enough, the company which is still not profitable, to invest at this stage? Fundamentally: although revenue grows exponentially the company is not making any profits, there is not much else to add and a lot will depend on the upcoming earnings report Technically: It is very tricky to analyse Cloudflare as it is a relatively young company and at its infancy development stage hence there is not much to assess on the graph The proposed scenario, which is one of many, may look plausible if to consider that cyber security industry is crucial more than ever these days One may count an impulse in the wave formed from March to November 2021. However, this scenario is based on the premise that this move was part of a Running Flat correction which completed in January 2022 Since then there were two impulse like movements that can be interpreted as zig-zag of the first impulse in the developing Ending Diagonal Is it possible that this scenario may play out? Let's see the report and will revisit this thought. However, at the moment it might be risky to go either way. What do you think about this idea? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:NETLong
by vitalalyt
3
$NET - Potential for upsideOf the positive factors 1. The price has been consolidating above the support level around $85 since January 2. Price has pushed back from the rising trend line that began in March 20. 3. Buy volume prevails. 4. RSI on the weekly timeframe is trying to rise above 50. 5. MACD is trying to break through the signal line upwards. 6. Relative Strength is greater than 0 - which indicates the strength of the stock. Negative points 1. trades below the 30W EMA 2. trades slightly below the $119 resistance level Given the demand of the information security market, could go higher. To buy can be considered upon a correction at the $100 level, or after a breakout of the resistance level and a price move above $123. The next buy level after the breakdown on the volume of the 30W EMA level (around $135.5-$136) Growth target above$ 210.
NYSE:NETLong
by kovpups