$FSLY Recovering to Previous SupportAlso longed NYSE:FSLY this morning. Recovering to previous support.
Weekly RSI hovering around oversold.
If we can get a weekly close above $7.50, this should run to $11-13 minimum.
TP1: $13.71
TP2: $33.64
Fslylong
Fastly turning around? Fastly
Short Term
We look to Buy at 13.46 (stop at 11.36)
Preferred trade is to buy on dips. Posted a Double Bottom formation. 20 1day EMA is at 12.42. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 19.97 and 27.19
Resistance: 20.00 / 44.00 / 50.00
Support: 13.50 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Fastly FSLY is bottoming outFastly stock FSLY is bottoming out forming a potential higher low.
The stock could target $53.94 - $57.45 - $60.65 levels consecutively.
FSLY that should be the bottom or CloseBeautiful B pullback to the .764 Fib, possible it drops to $35 but this is the area you want to get in. Big trendline and FIB support, you could scale in, buy low sell high! The crowd hates it now, that's a good thing.
LONG FSLY / MAKE OR BREAK AREA! Double bottom + Support + Double top + Classic bullish divergence on the RSI. A reversal it's probably starting! On top of that, it is very easy to manage your risk.
FSLY LONG ENTRY - BULLISH SHARKFSLY forming a bullish shark pattern. Negative ER was the massive gap down. While most other stocks are dipping with the overall market dip, FSLY has only slightly depreciated in value. It remains quite strong and is even right above the 886 (PCZ of Bullish Shark). I have been watching this stock trying to get the literal perfect entry at the 886 but its not gonna happen imo. 4H RSI div now forming. Stop below X, targets are A and C. LETS GO BOYS!!!
FSLY: GAP FILL IN PLAYBullish set up on Fastly
We have a huge gap to fill and a megaphone pattern.
Let's see if we can go fill that gap and move towards the top of the megaphone.
Fastly longHere is an easy ta for FSLY long:
Fastly made two highs in 2020, gapped down from the top at 132 to support 64 (+ trendline support) and is now consolidate.
I think this stock is for shortterm trade and longterm investment attractively as well:
You can use both entrys around trendline support (50er fibo) and bottom support (61 fibo).
RSI is currently trend down to support, so wait for a bounce to 20 upwards and momentum if you wanna trade this stock.
MACD is in the same mood,
Good luck!
Shakerthemaker
Fastly w50 2020. Wait if price Holds 100. LONGMonthly
Young company 2019 year
Uptrend
Weekly
Uptrend
Daily
Stock gaining power but too reliable on Tik Tok usage ( key customer of Fastly)
Therefore this stock is risky.
If you have risky strategy for short and middle term , you could consider LONG for Fastly.
Open LONG from 106 where a lot of sellers placed orders to 130 only after 100 is retested on Daily.
IF price stable holding above 100 then
OPEN 106
SL 93
TP 130; 160
RR 2 or 4 depends on your strategy
FSLY long call$101 is a strong resistance for FSLY right now, FSLY today has crossed 100 and closed above it, it remains to see if 100 becomes the new support. If it bounces off 100, it will reach at least 115.
FSLY LONGAll this tiktok nonsense does not take away from the fact that FSLY is a solid company with AMAZING customers: SHOP , SPOT, ETC.
Head and shoulders turned into -> Descending Triangle. Money Movers won't let this fall below 75.
We will see new highs in the coming years if FSLY can keep innovating in the CDN space and cybersecurity.
FSLY. Beautiful Breakout.Charted this a few days ago. Confirmed breakout of ascending triangle. Let's get that bag.
FASTLY... GOING FASTTypical software things in times of crisis.
Shopify goes up, fastly goes up. Walmart deal extra boost.
Aiming for 1.618 fib then watching for dip or consolidation.
FSLY is a buy on dip.
