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Lanmar

FSLY - Next stop

Long
Fastly, Inc. (NYSE:FSLY)  
Lanmar Updated   
NYSE:FSLY   Fastly, Inc.
Trend Analysis FSLY
10
14
trendanalysis fsly
Potentially setting up for a reversal here

Update to this observation:
Observation on Fastly (FSLY)
Comment:
FSLY proved how significant the trend line is today. I'm not giving it much room to go against me. May need to get flushed down before turning higher.
snapshot
Trade closed: target reached:
Great move today in FSLY and exactly what it needed. I will be adding at 83/84
Comment:
I view this as the most probable outcome for FSLY at the moment. I DO NOT see a head and shoulders forming. I do think 106 will be resistant and may appear to be a shoulder, in what I think is a bullish broadening wedge above the 50 day moving average and its major trend line.
snapshot
Comment:
retrace and bounce
snapshot
Comment:
We the strong follow through I was looking for:
snapshot
Comment:
Possible false H&S developing. Fake head and shoulders patterns are a pattern in itself, and often even more powerful. I already took profit on FSLY but I am keeping an eye to get back long. Here is what we could see if the H&S fails:\
snapshot
Comment:
Looks like we have confirmation as of yesterday of the failed H&S I was looking for with a break above the the key 86/87 spot:
snapshot
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