FSLY
is currently sitting on support with a major trendline resistance which is dictating the medium-term downtrend.
If the $35 level is broken to the downside then the stock can see a big decline in price.
On the other hand, if the trendline can be broken then a potential uptrend may be on its way.
If the $35 level is broken to the downside then the stock can see a big decline in price.
On the other hand, if the trendline can be broken then a potential uptrend may be on its way.
Comment:
Testing resistance trendline now. Watch for a breakout.