FSLY is setting for the pullbackFSLY is consolidating inside of the resistance area showing relative weakness. It may retrace to the area of the previous low soon giving a decent short entry opportunity.
FSLY trade ideas
Fastly has the chance to break above the 50 period MA and head uFastly has the chance to break above the 50 period MA and head up to about $115 before any big resistance.
FSLY - Possible swing to fill the gapRSI moving up on increased momentum
CMF moving up and close to pass 0
MACD bullish after big retracement
All EMA lines passed by the price
$FSLY resisted at 50 MANice move from the lows, can chop around or test 75 before next leg up with end of the year profit taking or cutting loss activity.
FSLY target 90 for wave 1FSLY approaching 90 to complete our wave 1 move off the lows, looking for a wave 2 back down, at which a more bullish trend will be more apparent. If we can hold the lows made back in November, I would be confident taking a position with a stop underneath that low, and hopefully riding it up to our wave 5 target at 140. Copyright Rohan Karunaratne 2020
Based, ready to launchRight below the fib, will be watching closely for a run up and through the gap.
FASTLY is going to be very interesting SoonI have a position in FSLY; however I am playing some of the possibilities we may see in the near future. These Parabolic Curves May Not Line Up, but I am curious to see how they hold up as time progresses
FSLY outlook, wave 5 target 90Completion of wave 4 on FSLY going into the close, target wave 5 o 90, and then an ABC retracement to around 77, but that is a tentative target. Copyright Rohan Karunaratne 2020
$FSLY Fastly Inc Up Big pre-market- Potential targets
FSLY reversal is well underway , first major target is the Fixed Range POC (redline) @ $85.60.
Higher levels to watch as per the chart with the GAP FILL @ $95.37 as a major pivot level.
FSLY - Elliottwave analysis - bear case FSLY - It is in B wave correction after sharp decline in 30 min time frame post impulse finished in 4 hr time frame. Stay bearish when B wave get finished.
Give thumbs up if you really like the trade idea.
FSLY Cup and Handle Break Out of Darvas Box NYSE:FSLY On the hourly Fastly Inc formed a Cup and Handle pattern and broke out of a Darvas box with a volume above the average. Now it looks like it is forming a Bull Flag
FSLY Rebound WaveFSLY on the hourly chart has made a higher low, as well as the daily chart. The hourly is showing a bullish moving average crossover. FSLY is a fast mover so this post was a little later than my earlier entry, where i entered at $74.5. I expect this over the next day or so to move to a higher high toward the $80 range.
Fsly daily chartIf you look at the daily chart, $Fsly broke above the downtrend line and is currently making higher lows. Fsly is now tapping the 73-75 resistance zone, which used to be strong support. The response to this level is critical. It it breaks this resistance, we can see 80 level soon.
FSLY good hold above wave 2 low, target remains 90Nothing much to add on FSLY from yesterday's analysis, but today was good confirmation for bulls, we need to remain above the local low made a few days ago in order to reach desired target. Copyright Rohan Karunaratne 2020
