Jlov

FSLY ER beat. What's next?

Long
NYSE:FSLY   Fastly, Inc.
FSLY moved strong AH on ER beat but at open it did not hold gains. Mostly because they did not improve much financially since last ER and outlook had been lowered. But, I do think FSLY is very strong at these levels and patience will pay off here. FSLY had again filled its gap from May and got rejected, retesting 20 day MA. If it can hold 20 day MA, I don't see why it cant run even higher. It is in between two massive volume shelfs and some strong price action the next week could see it rally back to 80-90 range which there is a gap yet to be filled.

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