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TopgOptions
Aug 5, 2021 1:04 AM

FSLY Fastly Head and Shoulders Price Target Short

Fastly, Inc.NYSE

Description

The head and shoulders pattern is one of the most reliable trend reversal patterns.

The distance from the neckline to the head is the same for the retracement from the neckline to the bottom.

In this case, using Renko candles to understand better the H&S chart pattern, the price target is 31usd.

Comments
allan.elleuch
cnbc.com/2021/08/04/fastly-fsly-earnings-q2-2021.html

The outage is most probably gonna impact Q3 too
TopgOptions
@Allan.elleuch, agree
MoRafi
Great analysis, went very close to your 31 price target.
TopgOptions
@MoRafi, thanks
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