Fastly might explode tomorrow in +$10 range with the recent Microsoft's news to acquiring Tik Tok. It then will pull back to form head and shoulder pattern.
FSLY is falling down past the 20 adn 200 Ma no looking good would be looking to sell or a put option come end of day monday
FSLY "inside target" achieved on test of $90 level for about 15-18 pts. Time to put something in the bank. See prior here and here .
Like I stated before, if price goes back above 90 and successfully retest the lvl, then bulls have the chance. If not, potential play is to build up shorts inside supply zones, then close the shorts and flip long once the price lvl is inside the buy zone.
Potentially setting up for a reversal here Update to this observation:
FSLY has run a lot and we are paying a premium at these prices for a great growth stock !! They have beaten all the expectations in the earnings and the major turbulent catalysts are already over for the company. Possible buy the dip opportunity
Trend line is subjective (multiple ways to draw it to fit your view) but $78 per share looks pretty significant to me. It's also where the 50 day moving average is resting. Watch that level for a trade.
FSLY is playing perfectly according to expectations ( see here ). Next, we want to see it undercut and run the orders around $74-75, and maybe hit $72.50 on a strong flush -- a "puke". That can set up the flash back up to $90 and possibly $100 on the reactive bounce.
FSLY has a magnet working against it down to the $75 level. Let's hope it gets there and does so on a panicky spike lower. That's bounce setup after the company's great quarter, and underwhelming outlook (which was still strong).
Still think spike is a corrective move because of how the structure looks. Watching for a 5 wave impulse and 3 wave correction to turn bullish
Think we are in a triangle right now to finish out a b wave. Watching to see if breaks above ~88 to start looking more bullish.
Close to my double bottom target in previous video but I'm leaning towards further correction to see that double bottom or ~70 at this point. Will turn more bullish if this move up turns into a 5 wave and breaks above ~85
I think the B wave is in ~88. Expecting more correction at this point for a C wave.
FSLY still looking like a corrective move at this point. Still think a higher wave b then move towards a lower then 74 C. Could be that its overall corrected but not my most likely count right now.