FASTLY... GOING FASTTypical software things in times of crisis.
Shopify goes up, fastly goes up. Walmart deal extra boost.
Aiming for 1.618 fib then watching for dip or consolidation.
FSLY is a buy on dip.
FSLY
Fastly $FSLY is hitting the wall$FSLY is hitting the pivot resistance on second day. RSI is 78. It may need to pull back before continues to rise.
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FSLY Support at 22.50I like FSLY here at the support of around $22.50. Personally looking at $25 calls for mid March.
FSLY - Weekly Chart Looking BullishFastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well.
All price targets are noted in dotted green lines using Fibonacci Extensions.
