FSLY after breaking descending triangle (see previous trade idea in the link below). Got pullback and now might have reversal upward to 100$. Stop < 85.4
Fastly is likely failing the potential bearish head and shoulders everyone was watching. A close above 96/97 sends it to new all time highs IMO. Previous analysis on FSLY: Click chart and scroll down for my most recent posts on it.
The graph reveals what would have happened if we respected the entrance provided by the MACD forrest since the coronavirus crisis. Nonetheless, we´ve had a LONG signal a few days ago. This is supported by the RSI stepping above the 50 points level. Is fastly gonna keep respecting these indicators?
Beautiful setup for FSLY: Descending triangle setup with VERY strong support line around 72$-73$. Breakout the ascend diagonal trend line AND 50MA line will trigger a long position for me. Also, expecting to see RSI above 50. Buy > 87$ Stop < 70$
Although market has been following and nasdaq more so than other indexes, FSLY is holding strong. That is a sign of accumulation. Wage pattern has formed and on Friday on a down day for market it broke out of a wage pattern with a strong volume. Great set up if follow through comes on Monday. Looking to go long on this one. Feeling confident. Take a look at the...
Continues to pull up from the neckline on this Head and shoulders. It currently formed a symmetrical triangle that could push it up ~$15 or down $15. Yes it has broken out of the upper trend line, but i would like a confirmation candle upwards to confirm we are heading up. There are multiple gaps above to fill, but if the market continues down, this should fall...
I had been thinking that FSLY was forming a head and shoulders top - but I've come around to interpreting it as a bullish wedge after this weeks action. It continues to find support at a key level. It also printed a shakeout candle (reversal) on 09/04 after breaking to new lows. Breaking out from the wedge would also be a break of the 50-day moving average. Taking...
Hi Guys, Got 3/3 win s in $PTON & $FSLY today. Nice and easy, Enjoy, Enda
All this tiktok nonsense does not take away from the fact that FSLY is a solid company with AMAZING customers: SHOP , SPOT, ETC. Head and shoulders turned into -> Descending Triangle. Money Movers won't let this fall below 75. We will see new highs in the coming years if FSLY can keep innovating in the CDN space and cybersecurity.
Seeing a potential Head and Shoulders formation in NYSE:FSLY . Do your own research, this is not investment advice.
Let's see how this plays out..looks like if the market trends down next week FSLY will not be in a good defensive position.
Technicals: Potential 2 month long head and shoulders spotted. MACD and RSI signals a continual bear trend(despite short term reversals) Fundamentals: FSLY forming a 2 month long head & shoulders amidst TIKTOK concerns and prolonged negotiations on TIKTOK acquisitions. TIKTOK is currently FSLY's largest customer: delayed acquisitions and potential ban will put...
Another one. OSTK could be following the same path as FSLY. They are bother perfect candidates for a Head and shoulders pattern. Watch for price action to complete the right shoulder. If we break the neckline, watch the rug be pulled and this to fall quickly to $55. The ENTIRE market is overvalued and everyone knows it. I said september is the month things will...
WOW!!! This could be developing a MASSIVE head and shoulders that if played out would drop the stock to ~$35. Anyone long this should take notice of the ~$75 support line. Luckily FSLY still has a major gap to fill back up to ~$105. I anticipate this to play out over the next week if the market stays strong. AAPL and TESLA having their split should cause another...