I use Cloudflare CDNs regularly for work, they have fantastic tech and continue to grow. They shrugged off the previous 2 massive dips, last Thursday June 11 and March. Long play with massive upside.
NYSE:NET is in a perfect ascending channel since the lowest low following the crash market due to the Covid-19.
Next Target: $36
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$NET has been volatile and testing previously. However, recent weeks action has been incredible encouraging. Been hugging the 21EMA and now a nice breakout. More upside expected.
I know very little about CLOUDFLARE but I know a chart I like when I see one. This chart definitely have the candles that light the way to profitability. A nice reminder of what I learned from my mentor : TRADE WHAT YOU SEE or TRADE WHAT YOU KNOW?
This is definitely a purely technical approach. Trade now ask questions later. This chart needs no complicated...
It broke out yesterday with huge volume. It is worth to watch.
12 months Consensus Price Target: $25.69
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$NET attepmting to break out of a bulkowski rising wedge on the daily. $NET also showing coinciding bearish divergence on both the MACD and RSI
ducc targeting the golden retrace zone between the .382-.618
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, for the CloudFlare target, I am sitll expecting an imminent threshold crossing of $35. Given that the market is expected to have some negative potential tomorrow and the Dow drop today though, I would wait a few days probably...
Cloudflare has seen strong increase in demand during COVID and among with the cloud sector is a big beneficiary of the current environment.
This stock is a pure growth play and strongly positioned.
Interestingly, it also has high short interest and got sold off heavily every time it reached the 30$ mark, but is still in an uptrend.
This mark should eventually...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into some key points. CloudFlare looks like it is having a positive rally, and the current bullish run seems to be a better retracement from its last, I expect a $35 price target quite soon, and perhaps I will be...
Cloudflare having a nice ascending wedge, probability favors price consolidation. If going, keep in mind that atm that it's in overall uptrend, so place orders accordingly.
Bullish and can reach 37-40 as long as it stays above that top dark grey line. If it closes below that line, then lower prices to come.
First hurdle is to close above 30 and when it does then its a much stronger bullish sign.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. For Cloudflare I did an entry yesterday at 27.89, and then a sale at $30.15, in paper trading. It looks like it is having some really nice long potential, and I think it may even have some...
China Partnership
Under a new strategic partnership, Cloudflare (NET -4.6%) will team with JD Cloud & AI (JD -3.2%) to expand NET's network in China to an additional 150 data centers.
Cloudflare currently has 17 mainland China data centers through an agreement with Baidu, a longstanding partnership that will continue.
Cloudflare is providing its expertise in...
