FSLYFSLY broke through the Support Zone with a strong bearish candle. So, I think there is an increase likelihood that FSLY may head lower to $11.65 or lower.
0A3P trade ideas
FslyBroke rising wedge support here.
Sitting on its 200ema (Gold wave]
A break below and the target is 10.00 gap close left over from last earnings.
Entry - Below 14.00
Stop loss - A close above 200ema
Fastly Breaking DownI do not own a position in FSLY. This is the first time I've looked at it and I know nothing about the company. I'm just treading the chart FWIW.
If I were LONG I would definitely be Selling and protecting my Capital while looking for a new re-entry Price Point lower down possibly at the 50% retracement Level. If I were Shorting, now would be a good time.
FSLY, Chart updateThe price is still moving inside the most important weekly levels, supported by the 250h.
Bullish triangle right now to try to continue this uptrend
Previous Resistance Flipping to Support (S/R Flip)An S/R flip is taking place on the weekly chart with a bull flag in the making as well. The anchored VWAP from January '21 pivot is above around $32.25.
Swing Levels for $FSLYThe EMA 250h took the price again, this way to the upside after a base that lasted almost 1 year.
Next key levels at $20 and $13.30
$FSLY Not financial advice.
$FSLY Heading to the upper side of the broadening formation. If it breaks the resistance on the yellow line might try to go up and fill #gap on red. If it gets rejected at the top of broadening formation will go lower to fill #gaps on the green and find support again.
Thank you.
Alex!
Not financial advice.
$FSLY may tell us how strong this market isAs $FSLY wanders around 15, there's a lot to question. Today, new rate hike expectations were priced in as the Fed continues to fight inflation. However, if equity bulls find a way we will likely see FSLY continue to outperform..$AI is another proxy to watch
FLSY - Anatomy of a "Good" tradeHi All,
This is just to share on how I would approach a trade (as a trader).
1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve),
rising above 200 day MA, Golden Cross etc.
2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction.
3. Wait for some triggers (eg breaking above neckline especially on strong volume).
FLSY is a good example and had presented several good opportunities for several short term trades recently (could be held for longer term if one had entered earlier around 12.36 (1st Entry in chart) and didn't get stopped out.
1) On 2nd Feb (Initial Breakup), it gapped and broke up above this neckline (as well as it's 200 day MA), everything looks good except volume was just above average.
Well, this initial break up failed! Yes, it happens more often than we cared for, especially during the earlier phases of the trend, hence a conservative trader would prefer to wait for a pullback and long if the neckline proved to be a support.
2) on 13 Feb (1st Entry), FSLY once again gapped above the neckline and 200 day MA, but this time the volume was HUGE. However, this was prior to earnings announcements (2 days later, AMC). There is a possibility that earnings beat had been leaked, so if one decide to enter this trade, then it would probably be wise trade small.
3) on 16 Feb (2nd Entry), the day after earnings, which beat expectations (surprise surprise...LOL), many traders will FOMO into the stock especially as it rose above the previous candle's high around 14.20. This turned out to be a very profitabe trade (intraday).
Next day however, it formed a "Harami" candlestick (aka "inside bar"), showing indecision at this point. I would raise the stop to 15.30, slightly just under this "Harami" candlestick (which is already a 11% SL from its high @ 17.18). Those with a larger risk appetite could raise the stop to entry price (ie 14.20), allowing for larger volatility which could stop one out prematurely but be prepared to give back all profits if wrong.
4) FSLY had a steep pullback after all (due to poor market sentiment during the whole month of Feb) and found support only at 61.8% of it's large AB up swing. This was also within a prior "Resistance" but turned "Support" zone. It began to form small sideway candles (a signal to long if it starts to break above this "consolidation" range)
5) We had a Long trigger again last Friday (3rd Entry) as the stock started to rise decisvely above the consolidation high @ 14.20.
It turned out to be a large candle day, hence I would place initial stop loss just below this large candle (ie 13.55, a 5% initial SL).
There is a good chance this stop will not get hit (although nothing is guaranteed LOL).
Uptrend is underway for FSLY (above 200 day MA, with the shorter MAs (20 and 50) both rising. However, it could still experience large swings along the way and one has to manage the trade and raise the stops from time to time to protect profits. Just because one is stopped out does not mean the stock is spent. Sometimes it could be just periods of consolidation (short or long periods). Keep it on your watchlist as long as the stock has not shown signs of bearishness on a higher timeframe, set alerts for the next trigger.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
FSLY - Could betTurning the cornerFSLY is reporting earnings today AMC (After Market Close).
In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon news" remains to be seen.
What is more important is that the longer term price recovery is likely to be underway owing to how the stock has been behaving:
1. Rounding base has been forming in the last 9 months with its 200 day MA slowly flattening out
2. Went above its 200 days Moving Average since above 2 weeks ago (dipped back below only briefly )
3. Golden Cross approaching
4. The huge volume and gap up on 13 Feb could be a potential breakaway gap (though we can only confirm on hindsight).
Unless earnings disappoint greatly and send the stock crashing badly again, it could be time time to accummulate on near term dips, especially if it can hold above yesterday's candle low @ 12.16.
(sign of strength if it it does not dip below here, no go it dips sharply below)
However, being a penny stock, % movement can be huge (both ways) hence suggest not to not oversize in order to withstand volatility with trailing stops catering to least 10% - 12% pullbacks.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
FSLY finally broke the high level of resistance and now clear Fsly charts looks attractive. ( Not a financial advice )
here are some news release and result will be on Wednesday. load the bags before its fly high last chance to catch the flight.
News
1) Fastly Wins 2023 DEVIES Award for Glitch!
2) Fifth time’s a charm: Fastly is the only vendor to be named a Customers’ Choice for Web Application and API Protection five years in a row
3 )Compute + Edge Messaging? Introducing Fanout
bloody chart, no signs of a bottom yet 🚨FSLY approaching extreme support area like many other recent IPOs, I wouldn't be surprised if I saw this hit 10-20 in the near future, longs should trade with caution here.
like and follow for more 💘
FSLY in consolidation faze!hard to play either side in when in a tight consolidation like this, in my opinion its better to wait for break of 14.64 for longs / below 9.27 for shorts
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.
FSLY - Showing strength in this moveHas claimed 11 EMA and VMA...holding well in the supply zone.
Once the 50 EMA is cleared, might go for gap fill @ 23
Web 3.0 Presents High R/RGreat Risk to Reward Here, Looking for double mitigation to come into play, 8:1 RR, still correlates heavily with stocks which may come down in future but lets see if the buying potential is here, targeting gap right into where price sold off at.
Fastly Inc Heading South FastIn this update we review the recent price action in Fastly,Inc and identify the next high probability trading opportunity and price objectives to target.
FSLY - DO OR DIE LEVEL
gap fill below at 20 and ATL 10.5 is absolutely on the cards, IF secular growth investors don't come to the rescue here
FSLY UpdateBecause multiple people have asked....
I think it fills the gap tomorrow, goes sideways until the Fed meeting. Don;t bother going long until Powell pumps the market
FSLY Pump before earnings?I plotted this for my own edification, so I figured I might as well share it.
FSLY is forming a very distinct falling wedgie, looks like it should break out sometime between now and end of the month (EOM), my calculated breakout point oddly coincides with the next Fed meeting.
Take it for what you will. I'm just trying to figure out downside targets for various garbage stocks I've been shorting lately. I plan on flipping my puts tomorrow morning regardless. Not much downside left on this one.
Fastly speeds through supportFastly - Short Term - We look to Sell at 33.50 (stop at 37.10)
Previous support, now becomes resistance at 34.00. There is no indication that the selloff is coming to an end. 20 1day EMA is at 36.50. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 33.50, resulting in improved risk/reward.
Our profit targets will be 23.40 and 20.10
Resistance: 34.00 / 44.00 / 50.00
Support: 30.00 / 25.00 / 20.00
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.
