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Libratus
Oct 26, 2020 2:25 AM

FSLY- Can it recover? Multi-time frame analysis 

Fastly, Inc.NYSE

Description

Both weekly and daily demand zones look shaky and precarious.

There are still AKAM and NET. Diversify your CDN and edge computing plays.

Comment

Oops, typos in my chart- Meant to say"Bearish" engulfing and "strongest" weekly selling pressure since March
Comments
nikorami2000
What do you think this indicates? A push to sub 70?
Libratus
@nikorami2000, yes, we could see some fake out and relief bounce between $65-$70. Depends on how FSLY addresses its fundamental issues (Slowdown in acquiring more corporate clients & over-reliance on revenue from TikTok), I wouldn't be surprised if it heads toward $50-$55 region in short-mid term. Earning impact may have been priced in already.
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