0A3P trade ideas
FSLY that should be the bottom or CloseBeautiful B pullback to the .764 Fib, possible it drops to $35 but this is the area you want to get in. Big trendline and FIB support, you could scale in, buy low sell high! The crowd hates it now, that's a good thing.
FSLY Triple Bottom - Don't Play ER, but recent catalysts nice!FSLY seeing a triple bottom here and a squeeze going into ER this week. There recent catalysts are great news and I love this stock long term. I expect guidance to be good given their recent PR's. Let's see if ER leads us back to ATH's.
Can FSLY impress the investorsThis has gone dark for many weeks with its sharp corrections. I see some accomulation happening at these level's and any good news in next few days can trigger the upswing
BTO $FSLY 20210521 $80 call at $3.65 for practiceAs shown by my other posts, I usually do call leaps > 1 year. But this time I a opening a 20210521 $80 call at $3.65 for practice.
Reasons for this action:
1. tight BB width .
2. price stay above 10/20 SMA . Today is the second day.
I will STC if the price goes to $77 in a very fast manner. But if the price raise slow and steady, I expect it to reach the $90 ga
Symmetrical TrianglePrice can break up or down from any type of triangle.
Triangles are consolidation patterns, but sometimes continuation patterns of the prior trend.
Price came down to enter this triangle so some place"1" at the bottom of the triangle and if price came Up in to the formation, they place the 1 at the top trendine indicating the 1st touch.
No recommendation
One way of estimating targets is to draw a line at the wide end and project it in the direction of the breakout.
FASTLY being trickyAs a long share holder I have been adding heavily under $100 per share. As far as wave count, the count here is possible, but price action makes me believe wave 2 isn't over and we make one more lower low before the huge upside in wave 3. If we break 59 then we likely see 48. Down is good, up is good, as I'm going to add heavily as long as we are under $100 per share. This is an opportunity to accumulate shares.
$FSLY Cypher Pattern Building higher lows, getting tight at 886 trigger, has a weekly wick violation i noted it, also noted take profit levels, get long over Fridays high and let this run to Wed-Thurs, Friday latest, stop to break even asap, Pre market best here IMO to get long
FSLY - looking for a break out soonWatching closely if it breaks 69.8 level TG 1 will be 77 TG 2 will be 80 which will confirm ABCD pattern
$FSLY - looks ready! Targeting red zone in short term. Meanwhile I am open to entertaining a buyout scenario. :)
FLSY 🌦I'm waiting for the fractal completion on the lower time frame (yellow arrow). Only then will I engage with call options for three month expiries.
FSLY looks like it wants more $FSLY with a big bounce off hidden trend.
- Cleared & closed above the 20 SMA
- Clear of the 8 EMA, Closed at the 21 EMA
- 5SMA about to cross the 10SMA
Like this to challenge 78.50ish near future.
FSLY 🌦➡️Pattern recognized:
Regular flat ECW
➡️Hypothesis:
Bullish
➡️Inter-market analysis:
➡️Catalyst:
Earnings in 40 days
➡️Conclusion:
Waiting on the completion of the fractal on lower time frame.
***This does not constitute financial advice.***
If you like what you see why not support us?
👇
FSLY SwingConfirmations:
Low RSI
Strong weekly yearly demand zone
Bottom of ABC wave formation
Golden fib zone 61%
FSLY LongSideway Consolidation in uptrend
Near bottom
Breakaway Gap,
Possible double bottom
Entry 68
Stop 58
Target 120
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
FSLY Hanging on by a threadAn absolute ton of growth names have s similar look to FSLY right now. They have all sold off hard had a relief bounce and are now testing support again. My play on these is to watch for a gap down tomorrow or and early flush below support then reclaim and then make a higher high. Setups like these look obviously bearish and suck in a lot of shorts only to reverse hard. For those who are bearish the best play to down side is to wait for the break of support and then go short on the rest test of the break down point. That is the best way to increase the risk to reward.
FSLY update on the trndStill have not entered. No confirmation for me quire yet.
It doesn't hurt to wait and be patient and not proceed too FSLY, unlike that poor container ship captain! Someone is probably gonna suez asz
LIKE/SHARE!!! Thank you!
FSLY Death Cross + Break in Support could bring big downsideFSLY is down approximately 50% since January 27th and unfortunately it looks like the bleeding may continue. As you can see from the chart the retest of support is occurring in unison with the occurrence of the moving average death cross. I think there is a good chance support will be broken here in which case I believe we would likely see a further drop in price to $40-$50 level.
Downtrend coming up again - 108.98Ichimoku cloud turns downtrend, coupled with overbought indication on RSI. Target price 108.68 from Fibonacci retracement.
