FSLY trade ideas
FSLYFSLY 1/7/21 Daily TF
1. Price action seems to bounce from channel bottom and 21ema.
2. MACD histogram shows bearish move losing momentum.
3. Stochastics at oversold level.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Fastly longHere is an easy ta for FSLY long:
Fastly made two highs in 2020, gapped down from the top at 132 to support 64 (+ trendline support) and is now consolidate.
I think this stock is for shortterm trade and longterm investment attractively as well:
You can use both entrys around trendline support (50er fibo) and bottom support (61 fibo).
RSI is currently trend down to support, so wait for a bounce to 20 upwards and momentum if you wanna trade this stock.
MACD is in the same mood,
Good luck!
Shakerthemaker
FASTLY: bUYING SUPPORT LINE, SELLING ON RESISTANCEPRETTY SIMPLE TRADE F IT GOES AS IT HAS BEEN. NOT A PROFESSIONAL AND DON'T LIKE ALL THAT TECHNICAL TALK AND ALL THE INDICATIORS THAT PROFESSIONALS ARE USING AND LEAVE US ALL TO TRY TO FIGURE OUT WHAT THEY MEAN SO KEEPING IT SIMPLE. NOT RECOMMENDING THIS TRADE JUST SHARING THE MOVE I PLAN TO MAKE... THESE ARE FUN TO WATCH LATER:)