FSLY trade ideas
Megaphone PatternThese patterns tend to swing back and forth until they break out or break down
At one time FSLY was in almost a parabolic arc pattern (I do not like that term as it seems to screw me everrytime..lol)
Swing trading this pattern can work if you are careful
Gap over price and chances are it will fill...eventually????
Keep an eye on this area as it has gapped wond to the same/almost exact place twice
If you go long, short interest is very low, but keep an eye on it maybe
They seem to know what they are doing (o: They could be playing this pattern as well
Just an observation
FSLY target 70 for wave 2 low, wave 3 target 90If you are wondering about the Fibb levels, I am using 3 main calculations, one is the retracement from the previous top, before we got this drop, the other is the retracement on the micro since the top around 75, and the other is the fibb extensions from the 50 percent of the micro drop down. Copyright Rohan Karunaratne 2020
$FASTLY - Inside Day #theStrat- Fastly stock has pulled back in the short term after it released an earnings report.
- Looking for a possible bounce back to the mean
- Yesterday printed an inside day
- Above $66.14 looks good for a long
- Below $62.60 will open more weakness
Note : short term trend is down and current volatility necessitates a tight stop loss
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
FSLY with a Megaphone just like SQThe top is basically in for tech. Get ready to short all of these megaphone tops. SQ, FSLY, numerous others.
FSLY should bounce back up into the megaphone and then breach it. Take a long position for the short term if you feel like being risky. I will personally add to my short positions as it climbs.
Fastly (Don’t explain your philosophy. Embody it.)View on FASTLY (2 Nov 2020)
Fastly has broke the strong support region of 80-95 region in the recent day and that region has become a resistant.
Now the Price Action traders are trapped.
So, It may be late for a short but as long as 80-95 region is not broken up, we can still see the BEAR move as we forward.
DYODD, all the best and read the disclaimer too.
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give this falling knife more roomThis thing fell like a rock cutting through support like butter. based on the vpvr the next area of support would be around 50 where the daily rsi will be hitting oversold regions. the colume notde there is pretty small and it might head towards 40 , especially if we get a red week as people who were once up 200% may may panic as price gets closer to their break even.