FSLY trade ideas
FSLY Looking long termFSLY Nice setup
Over 94 bullish short term and long term
Under 90 bearish looking at 80-84 range.
FSLYClosed above 87 critical level again. Flagging on both onweekly and daily. If it breaks 95-98 resistance zone, lot of room for upside with 102, 112, 118, 123 etc.
$FSLY FAstly Breakout Trade
Potential long entry above $87.50 target price $95.00
Indicators reversing
FSLY Trade IdeaI see a head and shoulders (bearish) but also a pennant (bullish). Tik Tok news approved, so I expect to see a bullish move upwards if market can hold. Declining volume confirming bullish consolidation as well.
FSLY trade ideaBeautiful setup for FSLY:
Descending triangle setup with VERY strong support line around 72$-73$.
Breakout the ascend diagonal trend line AND 50MA line will trigger a long position for me. Also, expecting to see RSI above 50.
Buy > 87$
Stop < 70$
FSLY Long Set up Although market has been following and nasdaq more so than other indexes, FSLY is holding strong. That is a sign of accumulation.
Wage pattern has formed and on Friday on a down day for market it broke out of a wage pattern with a strong volume. Great set up if follow through comes on Monday. Looking to go long on this one. Feeling confident. Take a look at the chart MACD is showing strength also.
This is not a recommendation to buy or sell. Please do your own homework before buying or selling any financial asset. This is for educational purposes only.
FSLY PT $91 or $69Continues to pull up from the neckline on this Head and shoulders. It currently formed a symmetrical triangle that could push it up ~$15 or down $15. Yes it has broken out of the upper trend line, but i would like a confirmation candle upwards to confirm we are heading up. There are multiple gaps above to fill, but if the market continues down, this should fall pretty quickly.
FSLY in a Bullish Wedge?I had been thinking that FSLY was forming a head and shoulders top - but I've come around to interpreting it as a bullish wedge after this weeks action. It continues to find support at a key level. It also printed a shakeout candle (reversal) on 09/04 after breaking to new lows. Breaking out from the wedge would also be a break of the 50-day moving average. Taking out the "right shoulder" would likely propel this thing to new all-time highs. Price action this week has steady despite the tech selloff. I think there's a lot to like about this FSLY chart. Maybe next week?
$FSLY Fastly support Holds Strong
Very popular stock and as requested we will take a look at teh short term prospects.
The stock currently sits above what has proven to be strong support @ $76-77 .
Fibonacci support also sits there in confluence with a short term rising uptrend.
Possible long on a break of downtrend with resistance @ 84.44.
Upside targets $87.25 - $90.25.
Caution needed in this stock as we have a H&S pattern forming.
FSLY LONGAll this tiktok nonsense does not take away from the fact that FSLY is a solid company with AMAZING customers: SHOP , SPOT, ETC.
Head and shoulders turned into -> Descending Triangle. Money Movers won't let this fall below 75.
We will see new highs in the coming years if FSLY can keep innovating in the CDN space and cybersecurity.
$FSLY may be drawing H&S top, bearish biasif it drops bellow $75, we have reversal. The right shoulder is already in, unless the price moves (and stays) above it, we have reversal.
RSI looks ugly
FSLY short ideaSeeing a potential Head and Shoulders formation in NYSE:FSLY . Do your own research, this is not investment advice.
FSLY SELLNYSE:FSLY
HEAD and Sholders
Best of all buy PUT option for 16/10/2020, target price 55$
because of huge stop
Target 50-55$
Shoulder Head Shoulderit seems there is going to be huge pullback. There is obvious shoulder head shoulder formation in the chart. If it breaks the neck line, that might go down in time.
