FSLY Analysis $FSLY Analysis #TradeIdea
Bullish Over: 102.70
Price Target: 116.33
Stop: 100.65
Ideal Entry: 100.96
Contract: 01/15 110c
FSLY trade ideas
had a nice move today, hourly chart bull flag -- to move highersee fib levels.
*remember we are in the middle of filling a gap.
~the trend is your friend~
FSLY Gap FillFSLY is in the process of filling the gap in its chart. It most likely will fill up into the first level of resistance around 116 range before pulling back and filling the rest of the gap. A break below the moving average will signal a sell signal
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
Fastly Big Bullish Gap Fill/Possible Retest of ATHFastly needs to break the 102.70-103 level then it'll go to fill the gap. Ascending triangle on the longer time frame makes it really attractive. Red lines are my exit targets 117-121 being where I sell majority. Will leave some runners for a possible retest of ATH/top of the megaphone pattern. MACD is looking to cross on the weekly and stoch is curling up. Tons of crazy bullish option flow this friday.
Bought some $FSLY Dec 31 callshighly risky play. I don't like that long legged doji, it lacks bullishness. Monday will be moment of truth.
FSLY Long IdeaWell looks like FSLY is breaking out to new highs. Simple setup. Price above the supporting moving averages and moving above recent resistance.
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.
currently in the gap(see purple box for gap area)
if we can get past 103 (100% fib level) we can see 119+ (141.40% fib level)
long above 103
FSLY LongAfter observation, we see price movement repeating itself. If we look back at late September / early October, price respects the same support/resistance levels we see price respecting right now (highlighted rectangles). $123 then $136 would be strong target points if you are going long.
$FSLY stopped at 102.95 so farStopped at 102.95 level so far. As long as it holds above 100 should see good movement into 2021
FSLY - Gap Fill PlayThere have been rumors that CSCO is planning to acquire FSLY. FSLY has been a beaten-down ticker due to their revised guidance a while ago. With the TikTok news not being a top headline these days and a CSCO acquisition rumor looming in the air, we can see this massive gap on FSLY potentially being filled soon.
I'm planning to enter if it retraces to $90.51 for a reversal play, or if it breaks $99.33 with significant volume for a momentum breakout play.
As with all rumor-driven plays, please be cautious as we can see a sell the news, depending on whether the acquisition goes through or not, and how much it would be for if it does go through.
PT 1: $108.15
PT 2: $120.70
PT 3: $136.96
PT 4: 156.01
Stop Loss: $90
FSLY | Next stop 0.5 fib @$98FSLY is on the move, trading back to its previous accumulation range $80 - $85.
If $85 holds today, and through the weekend, this is headed right back up to its 0.5 retracement @$98. It may take a while if we see low volume but it will get there relatively smoothly.
Look for entry within the accumulation range, SL @$75.
