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
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