NET1. We see the retention of ema200 and the level of 132.7 (not measured). If we have a supposedly stretched fifth in the third wave, then wave A has now formed
2. Formally, we are still in the channel.
3. RSI, MFI form the bottom and even small divergences of Class B and A, respectively.
4. There are also hidden divergences. The RSI is relative to the previous bottom. MFI is a hidden diver relative to the last bottom, as well as relative to the last touch of ema200.
5. We hold 0.786 of the last jerk.
6. We can go lower and test the 113.5 zone, to fibo 0.5 relative to the entire annual movement + ema60
7. The weekly is not so positive, only a weak hidden diver on the rsi.
Takeaways in the yellow fibo zone.
Marking by fibo, the fibos themselves with fillings are not in the logarithm.
If there is no big growth in all, you can still try to win back a 2-5% rebound.
Trade ideas
NET - bounce candidate?While this is definitely on my 'high price/sales ratio' short candidate list, some of the action the past few days is suggestive of a short term bottom/bounce.
* MACD starting to turn up (hourly almost crossing the 0 trigger line)
* RSI coming out of oversold
* (not shown) coming out of bottom end of bollinger bands)
* a few long wick hammer-esque candles
* possible descending wedge (not well supported by volume story tbh, and could even be a downtrend *channel*),
I'm looking for a trade up to 170 in the next few sessions -- an optimistic view might be up to 180.
NET, Daily, Deep Crab NYSE:NET
$NET CloudFlare,
Daily, Deep Crab
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Buying between 130.54 - 145.49
Sell @ Target I : 165.58 , Target 2 187.23
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Buy CorrectionShort term (rest of the year) Cloudflare will be in a correction (profit booking) like the rest of the market, which has been driven up crazy since the march dip 2020.
Cloudflare will find support at 0.786 Fibonacci around 130-140$ which will be a good entry point for the start of next year 2021.
nice area to take longbreaks up and tests for support add on/right after test
use lower time frames to see test
first box is price target once above and tests for support nxt price target is 1/2 ATR to full ATR
short if breaks major support (bottom box) with test up for resistance (can be seen on lower time frame)
How is this going to endI have been wrong about this stock a few times in the last few weeks considering its done and it shouldn't be going up anymore. Well, i was wrong.
I think this stock still has 20% upside and will reach up to 260+ before it will see a significant correction.
With today's earning beat this will rally tomorrow and i don't have an entry point yet. if someone is long already, this is just my view on where the profits can be booked.
NET to 195 then pullback Should have a little more room to 195 resistance then I think we pullback to 175 support.
Overbought on weekly RSI,MacD, MFI, Bollingerbands.
This run this stock has had reminds me of Oracle's summer run.. it happens when there are limited shares of a company and institutions are buying it up






















