Cloudflare, Inc.Panjang
Technical Analysis on Cloudflare (NET)
Cloudflare (NET) experienced exponential growth between 2020 and 2021, followed by a sharp decline in 2022. This decline halted around a support level at approximately $40, which has been tested multiple times as a key level.
Recently, the stock broke through a significant volume area, also surpassing a key resistance level that had been tested multiple times in the past.
Bullish Scenario
Currently, it appears to be in a retest phase. If this level can hold as new support, the stock could continue its upward trend, with an initial target around $130.
Bearish Scenario
If the retest fails, as it did in April 2024, the stock may retrace toward the POC area, located around $60. A move below this key level would increase the likelihood of a further decline toward the critical $40 support, previously tested multiple times, where it could attempt to stabilize once again.
NET) experienced exponential growth between 2020 and 2021, followed by a sharp decline in 2022. This decline halted around a support level at approximately $40, which has been tested multiple times as a key level.Recently, the stock broke through a significant volume area, also surpassing a key resistance level that had been tested multiple times in the past.
Bullish Scenario
Currently, it appears to be in a retest phase. If this level can hold as new support, the stock could continue its upward trend, with an initial target around $130.
Bearish Scenario
If the retest fails, as it did in April 2024, the stock may retrace toward the POC area, located around $60. A move below this key level would increase the likelihood of a further decline toward the critical $40 support, previously tested multiple times, where it could attempt to stabilize once again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.