FSLY is on the move, trading back to its previous accumulation range $80 - $85.
If $85 holds today, and through the weekend, this is headed right back up to its 0.5 retracement @$98. It may take a while if we see low volume but it will get there relatively smoothly.
Look for entry within the accumulation range, SL @$75.
If $85 holds today, and through the weekend, this is headed right back up to its 0.5 retracement @$98. It may take a while if we see low volume but it will get there relatively smoothly.
Look for entry within the accumulation range, SL @$75.
Trade closed: target reached:
Actually didn't manage to get into this before it rallied as prices only just tapped the accumulation range, was hoping for low $80s as an entry point.
Volume was much stronger than expected so the $98 PT was reached right away!
Volume was much stronger than expected so the $98 PT was reached right away!