$NET Analysis, Key Levels & Targets

NET Analysis, Key Levels & Targets

Request analysis for f7rt7fmhzz

NET is at a very interesting resistance level at 68.83… I would watch this level closely… A break above that would be an early buy signal (on the BIG timeframes) and then I’d be looking for some follow through (volume, and if it does pull back I’d be wanting to see that it holds above the Daily 200MA for a long term hold… (currently 54.73)

Support on the Daily timeframe needs to hold 59.21

Overall it looks like it has had a solid correction and it still doesn’t have all of the buy signals but might be a good place for accumulation… and it looks like it could be heading into clearer chart territory by the end of the year….

And MacD on the weekly is looking like it’s trying to break up into the long side…. Keep an eye on that too…

We definitely could see lower, and in this market you just don't know, but this does appear to be a good entry, especially if you're thinking of long term...

I’ll set some alerts and do a little more research on this company… 💃🏻 hope this helps…