Selling puts on a company I would like to own! BUYLOWSELLHIGH Selling into August is going to be an 'eternity' and this is over earnings. BUT, I really would not mind owning share of FSLY. I would like to own 1000 ;-)
waiting for a wave 4 to start the next move up to ~$100
FSLY broke a new high on Friday of around $88. Indicators are showing bearish divergence in the 1 hour time frames, meaning the price has reached a new high, but the relative strength is getting weaker. This also means that there were more sellers than buyers, and the price is being manipulated.
$FLSY Over-extended - Possible Double Top Volume and RSI trending down since first peak earlier this week. Recent parabolic run up is unsustainable. What goes up must come down. Near term target: $72.00 support level (if support broken next target $65.00)
Fastly Inc. a content delivery network that acts as an internet intermediary, has emerged as the best-performing tech stock outpacing Zoom Video Communications Inc, ZM , a company that has been often in the limelight in the work-from-home era. What Happened: Fastly made its debut in May 2019 and opened for trade at $21.50. Last week, the stock clocked gains of...
Typical 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 is hitting the pivot resistance on second day. RSI is 78. It may need to pull back before continues to rise. If you think my charts useful for you, please just leave me a "Like". thx
I like FSLY here at the support of around $22.50. Personally looking at $25 calls for mid March.
Fastly 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...