This is one of my favorite stocks. It is very volatile, making explosive moves up and down. I made decent cash holding my position and writing covered calls. Now it's coming back strongly. Buy here, if it goes low buy more. The SL and TP shown here are for reference only; In fact, I would buy more if they drop instead of closing it. I have a large position in this...
Retesting 50 day MA closed above AVWAPs from previous high above an inclining 5 day moving average. Tight stops, good luck been waiting a while on this one..
Fastly (FSLY) reported $127.82 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 17.8%. EPS of -$0.06 for the same period compares to -$0.14 a year ago.
Here is how Fastly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
1. Total Customer...
FSLY is in a rising trend with frequent steep pullbacks towards its rising 50 day MA.
It appears to manifest a certain swing pattern that is quite tradable
Potential to long:
1. when bullish divergence (between price and RSI) begins to appear
3. better if there is also backed by some other supports (eg 50%-61.8% fib retracement levels)
2. wait for 1st bullish...
Round bottom formation since Feb. 2022. Great accumulation, it could take a few more weeks to break out but price is sitting on the support at this moment, picking up strength.
If you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the $17.50 strike price Calls with
an expiration date of2023-9-15,
for a premium of approximately $1.97.
If these options prove to be profitable prior to...
Patterns have a tendency of mirroring themselves over, I've seen it too many times .. 17.32 neckline support busted. Stop loss below support would be ideal set at your risk % comfort ..
Based on daily chart, the price are consolidating with low volume. This can consider a good sign as it can give a high probability to breakout. Not only that, there is a potential rebound from oversold region if we look at weekly chart.
FSLY bearish break below extreme support zone, but holding last line of support and local trend support
break of 13.54 and I expect explosive breakout, below 11.43 downside continuation
boost and follow for more. thanks <3
FSLY broke through the Support Zone with a strong bearish candle. So, I think there is an increase likelihood that FSLY may head lower to $11.65 or lower.
