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Cloudflare Inc (NET) – Develops software for firewall, routing, traffic optimization and other network services

Updated: 31 Aug 2021

Entry level: Immediately if the stock follows up on its Monday breakout or wait for confirmation of $122 level resistance breakout if the stock starts churning and retraces a bit.

Price target: As the stock finds itself in the ATH region there are no clear price targets, but look to maintain at least 2R or 3R (risk to reward ratio, based on the placement of your stop loss).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .