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LivermoreGrahamDisciple
Jan 21, 2021 11:28 PM

FSLY Attempting Breakout 

Fastly, Inc.NYSE

Description

Watch price action on FSLY for confirmation of breakout... If breakout is confirmed we can expect some quick upside to $130+
Comments
Najah000
How long quick ?
LivermoreGrahamDisciple
@Najah000, The chart has continued the breakout trend with 3 green candles in a row above top resistance line on the 1 day chart... I like the current setup and believe it is quite possible to hit this $135 price target relatively quickly however, I would like to see this breakout supported by higher volume to be certain it's a true breakout... I will be watching price action closely and specifically watching size of green candles, volume behind candles, and most importantly a drop back below the upper resistance line which would indicate a false breakout.
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