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.
Broke rising wedge support here.
Sitting on its 200ema (Gold wave]
A break below and the target is 10.00 gap close left over from last earnings.
Entry - Below 14.00
Stop loss - A close above 200ema
I do not own a position in FSLY. This is the first time I've looked at it and I know nothing about the company. I'm just treading the chart FWIW.
If I were LONG I would definitely be Selling and protecting my Capital while looking for a new re-entry Price Point lower down possibly at the 50% retracement Level. If I were Shorting, now would be a good time.
An S/R flip is taking place on the weekly chart with a bull flag in the making as well. The anchored VWAP from January '21 pivot is above around $32.25.
Not financial advice.
$FSLY Heading to the upper side of the broadening formation. If it breaks the resistance on the yellow line might try to go up and fill #gap on red. If it gets rejected at the top of broadening formation will go lower to fill #gaps on the green and find support again.
Thank you.
Alex!
Not financial advice.
As $FSLY wanders around 15, there's a lot to question. Today, new rate hike expectations were priced in as the Fed continues to fight inflation. However, if equity bulls find a way we will likely see FSLY continue to outperform..$AI is another proxy to watch
Hi All,
This is just to share on how I would approach a trade (as a trader).
1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve),
rising above 200 day MA, Golden Cross etc.
2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction.
3....
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
FSLY is reporting earnings today AMC (After Market Close).
In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon...
Fsly charts looks attractive. ( Not a financial advice )
here are some news release and result will be on Wednesday. load the bags before its fly high last chance to catch the flight.
News
1) Fastly Wins 2023 DEVIES Award for Glitch!
2) Fifth time’s a charm: Fastly is the only vendor to be named a Customers’ Choice for Web Application and API Protection five...
