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DmitryZZZ
Dec 20, 2020 4:00 PM

Fastly w50 2020. Wait if price Holds 100. LONG Long

Fastly, Inc.NYSE

Description

Monthly
Young company 2019 year
Uptrend


Weekly
Uptrend


Daily
Stock gaining power but too reliable on Tik Tok usage ( key customer of Fastly)
Therefore this stock is risky.
If you have risky strategy for short and middle term , you could consider LONG for Fastly.

Open LONG from 106 where a lot of sellers placed orders to 130 only after 100 is retested on Daily.
IF price stable holding above 100 then
OPEN 106
SL 93
TP 130; 160
RR 2 or 4 depends on your strategy
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