The chart here of FSLY might be one of my favorite looking charts of recent memory.. however, if you are a close follower of the company, you may be a little fearful at the moment as this stock has gotten hammered for 10 months now. Not to mention the miss they had on earnings recently PLUS a bug in the company's infrastructure that apparently caused the web...
Technology / Software Co. Fastly ( $FSLY ) has setup nicely to continue with its bullish trend. Looking at weekly chart its found some solid buying interest at previous highs ( 35.25 ) set all the way back in Sept. 19' First target / resistance lines up with its 50% retrace of its last move lower around 49.00 If we can see a break and hold above its halfway...
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.
Fastly stock FSLY is bottoming out forming a potential higher low. The stock could target $53.94 - $57.45 - $60.65 levels consecutively.
FSLY Ichimoku analysis and all supports and resistance Ichimoku : Price above the cloud, lagging span broke kinjun and tenkan = bullish on daily, long trend. Mind the 1st resistance and enter accordingly. All levels are on the chart (support and resistances). I'm long. Swing trade with option expiring in January 2022. Trade safe.
FSLY in history always does dumb ass-ending channel upwards followed with massive market moves. I'm going to go ahead and pick up $70c for 8/20. Not financial advice. Do whatever you want. Also give me feedback!
Above avg volume trend. Tapped down trend line this morning and quickly reversed above previous 5 day highs. Price Tgt 60.
Beautiful B pullback to the .764 Fib, possible it drops to $35 but this is the area you want to get in. Big trendline and FIB support, you could scale in, buy low sell high! The crowd hates it now, that's a good thing.
Lets see how a bullish scenario plays out.
Watching closely if it breaks 69.8 level TG 1 will be 77 TG 2 will be 80 which will confirm ABCD pattern
Still have not entered. No confirmation for me quire yet. It doesn't hurt to wait and be patient and not proceed too FSLY, unlike that poor container ship captain! Someone is probably gonna suez asz LIKE/SHARE!!! Thank you!
FSLY is down approximately 50% since January 27th and unfortunately it looks like the bleeding may continue. As you can see from the chart the retest of support is occurring in unison with the occurrence of the moving average death cross. I think there is a good chance support will be broken here in which case I believe we would likely see a further drop in price...
Quick Update on FSLY! It has been exhausted for a while. As of now, it's looking like a nice set up right now. A clear Cup and Handle has formed. If you take a look at the volume, every time the price drops, people tend to buy the dips. Should be reaching to 75 soon. If it can make it to 77, then it has a lot of potential to fill in the gaps from previous...
Cup and handle finalizing? Wait for the buy signal here. Slow down, wait for confirmations, then enter fastly! Fastly Hit like/follow if you like my ideas. Your support helps me fastly outwit the tradingview algorithms to put me in the top! Much appreciated!
$FSLY is currently trading at long-term support, dating back to June 2020; second-level support is at $62. March 16, 2021 close was approximately 45% less than ATH. Fastly looking to break out of short-term resistance. First target is $81. $FSLY is a volatile stock so trade with caution. I see it trading between $70 to $100 from here to EOY.
Fsly at a nice area of value for entry here. I like the latest candles on the daily indicating a reversal. Let me know your thoughts!!
Bullish divergence on BlueWave + Green dot buy signal. RSI oversold, and sitting on a resistance line. This is a swing trade analysis