FSLY coiling up near the gap low. Volume decreasingFSLY has been consolidating at the bottom of the gap since the negative TikTok news. TikTok seems to be behind us and FSLY is ready for the gap.
If we have relative high volume, we break into the gap. If the QQQ is selling off, we may have to wait for next week.
Break out above $99.50.
Price Target 1: $123 (Bottom of the breakdown candle)
Price Target 2: $131 (top of the breakdown candle)
FSLY trade ideas
Earnings gap is in play - great move today - price target $120Today's sudden spike to 15% highs can be attributed to the circulating rumor of a $CSCO merger. Regardless of whether that's true or not, the technicals are screaming that this is a buy. Upcoming earnings and a huge gap which needs to be filled to the $120 area. We are long and extremely bullish on this trade.
FSLY 2020-12-06FSLY,
I can see enough Volume joined last Friday because the technical show-off of the bottom period ends with a crossing resistance test. The volume is more than enough to pull the MACD's histogram trends up again, and the KDJ is already becoming a golden cross trend. I will not wait till the market opens and will buy at premarket hours. The price where it goes will depend on the move on Monday.
Patience pays off #stocksThe Model had great trade location in early november but has been a slow burner for a stock with high volatility. We got a big move today and we think the earnings gap is in play
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat