Fastly trades at at a price-to-sales ratio of 32. AND that's after a 40% drop in its share price and a guidance cut.
I mean, there are 4000+ other stocks to pick from and probably 10 other similar names in this space. I'm not sure I understand why so many people are crazy bullish about this name. Unless you think they can double and triple their revenue for the...
Fastly is likely failing the potential bearish head and shoulders everyone was watching. A close above 96/97 sends it to new all time highs IMO.
Previous analysis on FSLY:
Click chart and scroll down for my most recent posts on it.
NYSE:FSLY is being faced with a class action law suit and it has caused lots of volatility for the stock price. It has moved back into its price range from late June and it seems as if it is ready to wipe these gains out. A drop below 71.52 and 68.74 could create more rapid sell off for FSLY. If price breaks the top of the flag and more buyers take interest, it...
When we look at the headlines, we have to realize that these are just trying to grab our attention and take away from what we should be really paying attention to. Breakouts! Instead of just looking at the index or tuning into financial media for the latest narrative, we should be looking for things to buy. Today we will look at FSLY. Let’s hop on the chart.
FSLY - Trade Idea - Oct 9 125C - bid/ask: 2.20/2.50
Closed at 120.33 today after a big breakout above
102 and 117 resistance
I would like to see FSLY break above 122 in the first
15 minutes and run towards 127-134 by EOD
Currently heading up towards the 1.618 resistance of wave 3 where a pullback into wave 4 is expected to around the .382 level (around 91.5). We then enter wave 5 up towards the gap fill and if momentum is strong and volume is there, to new ATHs.
The graph reveals what would have happened if we respected the entrance provided by the MACD forrest since the coronavirus crisis. Nonetheless, we´ve had a LONG signal a few days ago. This is supported by the RSI stepping above the 50 points level.
Is fastly gonna keep respecting these indicators?