Buy Alert on NET

Written By Venu .

November 12, 2024:

Cloudflare (NET) is tightly consolidating and looks imminent for a breakout.

Before recent earnings, closed the position to eliminate the risk of a violent post-earnings move. After earnings, the stock is showing tight consolidation with reduced volatility.

Stop loss: Weak close below 85$

Daily chart of NET - Stock is consolidating above short and longterm moving averages, and now looking even better than pre-earnings chart pattern. 

Venu .
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