Long Fastly Long

Fastly, Inc.NYSE

Description

⋅ Dec 1, 2020 4:18 PM

Fastly was beat down on subpar earnings. It was a nice long off the low.

Scaling in and adding to position at each fib retest.

Have to be patient with this one. This has been a month long trade thus far.

A hold below a previous fib and I will exit the trade.

Comment

⋅ Dec 1, 2020 4:20 PM

I am also looking for POC to move up to price. In fact, it may have been a better trade for me to long over the FIB when POC moves to price.

Trend Analysis Chart Patterns

Comments

Nadimos93

⋅ Dec 2, 2020 5:59 PM

totally agree with you I started a long trade around 3 weeks ago and have a timeline until year end. I increased my bullish position today and keeping 70 dollar puts as a hedge in case it goes bad.

zephin

⋅ Dec 2, 2020 6:01 PM

@Nadimos93, very nice. I like the hedge

Pastig

⋅ Dec 2, 2020 10:08 AM

Hi! What do you think just now? Premarket is not too good :/

zephin

⋅ Dec 2, 2020 1:39 PM

@Pastig, I will exit this trade if we close below $79.50. Premarket does not look good. I agree.

zephin

⋅ Dec 2, 2020 1:45 PM

@Pastig, However, I love these setups. If that happens, this stock will remain on my trading block and I will look for a better position to enter.

Pastig

⋅ Dec 2, 2020 4:02 PM

@zephin, Yes, but I think just now FSLY can be a good possibility to buy. Or what do you think? will it fall towards?

zephin

⋅ Dec 2, 2020 6:03 PM

@Pastig, I like it. Especially if we hold above the FIB.

zephin

⋅ Dec 4, 2020 4:08 PM

@Pastig, Looking good

Pastig

⋅ Dec 4, 2020 4:14 PM

@zephin, yessss :) what are your new targets?