asenski

LONG FSLY | Good Risk/Reward

Long
NYSE:FSLY   FASTLY INC
547 views
3
Let's go long here... this looks like a good setup... might take some time for it to materialize though...

Fastly might be slow to reach target! no pun intended! :)
Follow me for some interesting Risk:Reward ideas. I have a purely technical analysis approach. I mainly watch and trade US stocks that have weekly options. This is not an investment advice, do your own due diligence.

Comments

Do you see stock bouncing back in the short run ( 2-3 weeks)?
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asenski asadhamidi
@asadhamidi, I normally play pullback entries, and those either work right away or they fail. This one particularly looks like it will fail.
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asadhamidi asenski
@asenski, quite true...I am now bag holding for long.. Down 25% in just few days :(
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asenski asadhamidi
@asadhamidi, with earnings you never know what might happen, so it's good to diversify. I try to keep risk to 1% per trade.
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asadhamidi asenski
@asenski, Yes. Lesson learnt.Now, i have to wait till it bounce back to $100 level. It is quite a volatile stock. I wonder why...
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