Cloudflare is technically bullish; breaking trend line and clearing 20367 opens path to all-time highs near $213.64.
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Next up into two charts that are lifting off very nicely today despite this tech earnings after hours. That's A net and LITE. Now you can see here with A net most recently we got above this inclining trend line, broke above, retested, broke back above and did so with authority today.
Now near-term resistance tomorrow, this is going to be a major sign for it to beat 20367. If we can gap up above that we've got a clear path to go back and re-attack all-time highs which also happens to be right at the top of this parallel channel right around $213.64.
So be mindful where price opens tomorrow. If we gap up over that level, we can have some clean open air space for A net to push higher on the charts. Analysts are upgrading this stock in the $250 to $300 range.
So I anticipate some some flow of capital to go back into A net if and when the markets do start really pushing and ripping higher. Specifically with the SMH getting back over the 50% the 50 daily moving average.
What this channel has said about $NET
Verified Investing has only this one call on this stock.