I plotted this for my own edification, so I figured I might as well share it.
FSLY is forming a very distinct falling wedgie, looks like it should break out sometime between now and end of the month (EOM), my calculated breakout point oddly coincides with the next Fed meeting.
Take it for what you will. I'm just trying to figure out downside targets for various garbage stocks I've been shorting lately. I plan on flipping my puts tomorrow morning regardless. Not much downside left on this one.
Trade closed manually
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So I flipped my FSLY puts on the gap down. Looks to me like it's hold support and the melt up starts within 2 weeks
This is why you plot stuff....
Comment
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DO not chase the pump today (said it earlier in a comment reply), FSLY tends to fill gaps and there's one below. All garbage stocks now looking weak.