$FSLY, Gap fill/ Earnings runup. #Repost
Updated
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FSLY has regained the $100 level but I don't trust it for now as it's forming my favorite combination of ascending triangle and inverse head and shoulder. Not to mention the gap fill we are all waiting for.
-Bigger picture it's breaking out of symmetrical triangle which most likely will lead to a false breakout to retest near $96 level one more time before heading back to $102
-Outside of Technicals, doing a deeper research on FSLY biggest customers we have:
- Shopify
- Tiktok
- Spotify
- Github
- Fubo TV, and many more
-Big competition in this market, however, earnings are approaching on 2/17 so we can essentially see the push over $102 to $120 and with high volumeFSLY will catch the run to ATH and push even higher with increase of user base from its current customers and I'm targeting $150 approach that could be done with positive earnings response.
-Once the gap is finally filled, we will see the rally on this stock. Don't sleep on it
-Lastly, not included in the picture, Weekly time frame shows signs of positive divergence starting
FSLY has regained the $100 level but I don't trust it for now as it's forming my favorite combination of ascending triangle and inverse head and shoulder. Not to mention the gap fill we are all waiting for.-Bigger picture it's breaking out of symmetrical triangle which most likely will lead to a false breakout to retest near $96 level one more time before heading back to $102
-Outside of Technicals, doing a deeper research on FSLY biggest customers we have:
- Shopify
- Tiktok
- Spotify
- Github
- Fubo TV, and many more
-Big competition in this market, however, earnings are approaching on 2/17 so we can essentially see the push over $102 to $120 and with high volume
FSLY will catch the run to ATH and push even higher with increase of user base from its current customers and I'm targeting $150 approach that could be done with positive earnings response.-Once the gap is finally filled, we will see the rally on this stock. Don't sleep on it
-Lastly, not included in the picture, Weekly time frame shows signs of positive divergence starting
Note
Update: FSLY reach $119 target already.., This monster can prepare for ATH with MSFT good earnings so I can see it going to $150+
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