FSLY Daily clear downtrend 71 No weekly demand nearby Stock dropped clearly after a range cmp 68.2 3 oct 2020
FSLY - currently at the the major support level. ER coming soon so need to watch for the interesting price movements. Note : Doji formation at the support level may indicate the reversal. Note : This analysis is only for educational purpose and it should not be used as investment guidance. Please do your analysis before initiating any positions on the stock.
Fastly with support and resitances, to watch this week
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...
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...
It doesn't require a high IQ .
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. This...
FSLY broke out of this choppy range and now its off to the races!
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.
Let's do this. This stock still has a lot of juice to go sky high. Buy at the break of $100 or here is fine too. Follow the horizontal lines for potential targets.
FSLY after breaking descending triangle (see previous trade idea in the link below). Got pullback and now might have reversal upward to 100$. Stop < 85.4