Why I called Short on FSLY Yesterday and think it will hit <$85
Aftermarket, I noticed that FSLY had a largely bearish correlation for the day. I expected it to continue to the next day given that it has been having a consistent bull run for quite a while. When a bull run is too long and people are way too overly optimistic for the earnings, what can one expect? Now I think the price may bottom out close to the $85 price point. That being said, there is still low to mid risk entering now given it may start a retracement correlation pattern. However, I would likely call this a short given safer bets are out there for dips. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.