FSLY trade ideas
FSLY great support to start a position at these pricesFSLY has run a lot and we are paying a premium at these prices for a great growth stock !!
They have beaten all the expectations in the earnings and the major turbulent catalysts are already over for the company.
Possible buy the dip opportunity
$FSLY Fastly Relief Trade
Previous support has once again held and buyers stepped back in on Thursday,
This could be very temporary so trade on long side with caution with
previous low as stop loss.
Potential target to $84 @ 7ma
$88 - as historical resistance point
Indicators are attempting to bottom
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FSLYHeld 73.8 level which is key support level and move pushing up wards with inside day pattern. If closes above 80, 83, 87 are levels to watch
$FSLY CALLOn July 21st it was expected to breakdown to the neck level and then it was supported. Now we are at the same level as of July 21st - a perfect time to enter.
Entry point: $70-$75
TP1: $100
TP2: $120
$FSLY Fastly Slowly Reversing
After a horrendous 38% decline post earnings, we are looking for a possible relief rally.
Potential entry above the 50MA with $89.00 as a target at the Fibonacci .382 level.
Stochastic and RSi attempting to bottom
It will attempt to re-test ath from here.Closed at 0.382 Fib, a strong support line since mid June.
RSI is in the oversold region and sell volume is decreasing.
It will move UP
Observation on Fastly (FSLY)Trend line is subjective (multiple ways to draw it to fit your view) but $78 per share looks pretty significant to me. It's also where the 50 day moving average is resting. Watch that level for a trade.
$FSLY Following Instructions.. What's NextFSLY is playing perfectly according to expectations ( see here ). Next, we want to see it undercut and run the orders around $74-75, and maybe hit $72.50 on a strong flush -- a "puke". That can set up the flash back up to $90 and possibly $100 on the reactive bounce.
$FSLY Bullish pattern subjected to Bounce from 51-52Currently at 79.33 Short-term selling signal triggered by RSI and drop for other indicators . forming large potential bullish pattern subjected to bounce from 51-52 to target new all time high above previous top .. short for short-term long for long-term
FSLY- When the momentum stock loses its momentumTrend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment.
If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party may indeed be over.
Generally speaking, when you see the momentum stock decline significantly after the positive earning, this should be your first warning sign that investors are disappointed that the stock fails to live up to their lofty expectation. This is especially true for momentum stocks with lofty valuation.
Market tops are often made when stocks react negatively to positive earning or when stocks stop going up on positive news.
It is possible though that the short-term negative sentiment is caused by the TikTok news, but it is undeniable that the growth of enterprise clients for FSLY has slowed down recently.
The overall macro is still good for Fastly though as E-commerce is still thriving. I am also bullish on the cybersecurity industry as whole and another market-leading CDN in the edge computing space you can capitalize on is NET.
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Fastly bump up soonThink we are close to a bottom in this move ~77 to ~82 is where I'm expecting right now.
$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).
Why I called Short on FSLY Yesterday and think it will hit <$85Aftermarket, I noticed that FSLY had a largely bearish correlation for the day. I expected it to continue to the next day given that it has been having a consistent bull run for quite a while. When a bull run is too long and people are way too overly optimistic for the earnings, what can one expect? Now I think the price may bottom out close to the $85 price point. That being said, there is still low to mid risk entering now given it may start a retracement correlation pattern. However, I would likely call this a short given safer bets are out there for dips. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk.
Fastly updateStill being stubborn and counting the previous move as a b move and this correction as a running flat. Expecting C to end up shallower than previous A (~74).
FSLY Even with earnings beat and good guidance this stock took beating post earnings probably due to TikTok news. Now previous base acting as support which is critical. Still very bullish and long this stock, might trade side ways until dust settle and expect buyers to come back eventually
FSLY TrendFSLY sports large enterprise customers for its CDN Services. It is definitely a good stock to hold for the long term. But should you enter now? Here is a Fibonacci retracement overlayed with a pitchfork. Look for a pullback from one of the Fibonacci lines before buying.
One problem: Earnings are coming up tomorrow. This will create impulse price movements. But, should settle into the Fibonacci levels.
Bullish on $FSLYLONG TERM BULLISH!!
Looking for a small pullback before possible enter a trade.
There is a CUP&HANDLE patter forming, but it could go straight throughout it and continue higher instead.
Will keep an eye on it.
