Cloudflare, Inc.Long
$NET - Potential for upside
Of 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.
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.
All ideas only for information.
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All ideas only for information.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.