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Bearish-Bulls
Feb 16, 2021 9:38 PM

$FSLY bear flag into Earnings Short

Fastly, Inc.NYSE

Description

Pretty obvious bear flag forming prior to FSLY up coming Earnings report, my guess is a big gap down coming :)
Comments
TommyRi
Can you explain the bearish flag in this chart? You obviously got it right, curious to know the reasoning behind it.
karakiro
@TommyRi 50% chance to be right. Nothing in the chart. Poor earning and weak outlook changed market sentiment, not the chart. FSLY grew too much too fast on hope they will outperform.
TommyRi
@karakiro, thanks. Sigh I'm down on this one..
Bearish-Bulls
@karakiro, Thats completely false... a bear flag appeared before earnings. and I traded it based off of that along with increasingly bearish options activity before market close on the day they reported.. The chart showed me all that i needed to know PRIOR to the earnings release.. not AFTER.
WhiskeyDeltaBravo
Good call!
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