FSLY
$FSLY Sells the News on a Great Q, with Key Support LoomingFSLY has a magnet working against it down to the $75 level. Let's hope it gets there and does so on a panicky spike lower. That's bounce setup after the company's great quarter, and underwhelming outlook (which was still strong).
Fastly more downsideStill think spike is a corrective move because of how the structure looks. Watching for a 5 wave impulse and 3 wave correction to turn bullish
FSLY updateThink we are in a triangle right now to finish out a b wave. Watching to see if breaks above ~88 to start looking more bullish.
FSLY C waveClose to my double bottom target in previous video but I'm leaning towards further correction to see that double bottom or ~70 at this point. Will turn more bullish if this move up turns into a 5 wave and breaks above ~85
FSLY moving towards a C waveI think the B wave is in ~88. Expecting more correction at this point for a C wave.
FSLY looking for a top in wave bFSLY still looking like a corrective move at this point. Still think a higher wave b then move towards a lower then 74 C. Could be that its overall corrected but not my most likely count right now.
Will $FSLY Continue the Uptrend?Fastly price action is currently sitting on support at 78.
It is also nicely sitting on a 20-day moving average support.
Short term trend so far is still intact. Midterm and long term trend is still bullish. Fastly is on healthy correction.
Interesting to note is a major support at 76.44. The probability of going down its support may be low as selling pressure has been reduced as can be shown in its decreasing volume.
A break out of its resistance at 81.63 and 87.77 are good signs to continue its uptrend. The catalyst of this breakout could be good earnings EPS revisions in Aug 2020 as it projected to have 41.27% EPS revision 12/20 FY and 50.91% 12/2020 FY.
Fundamentally, $FSLY quick ratio is 4 which is better than 91.42% of the industry, 85% better than S&P Companies and 87% better than US markets. Its Current ratio is 6 which is better than 94.89% of the industry.
Forward PE is surprisingly better than 93.39%of the industry; 99% better than SP500 and US markets.
FSLY wave Bbased on movement today I'm leaning toward A being in and looking for slightly higher B at this time
FSLY correctingWaiting for an impulse to signify a bottom in this correction.
FSLY has a lot of potential based off of this impulse.
FSLY 4hr outlookLooking for a pull back to $97-$98 region before taking it down to $81. if we can't brek above $95 tomorrow and hit $97 then i'm going to enter a sell position and swing it down to the trendline.
Fastly Inc approaching wave 5 finishThe correction was quicker/shallower than anticipated. Looking at a 5 wave completion to finish out this impulse.
FSLY. Beautiful Breakout.Charted this a few days ago. Confirmed breakout of ascending triangle. Let's get that bag.
FSLY Long IdeaOkay here we go, FSLY is breaking above previous highs and is steady above the supporting averages. Volume is good. It's a buy here.
FSLY | Divergence | 1 Hour | Short OpprotunityFSLY broke a new high on Friday of around $88.
Indicators are showing bearish divergence in the 1 hour time frames, meaning the price has reached a new high, but the relative strength is getting weaker.
This also means that there were more sellers than buyers, and the price is being manipulated.
$FLSY Over-extended - Possible Double Top$FLSY Over-extended - Possible Double Top
Volume and RSI trending down since first peak earlier this week.
Recent parabolic run up is unsustainable. What goes up must come down.
Near term target: $72.00 support level (if support broken next target $65.00)
