FASTLY: bUYING SUPPORT LINE, SELLING ON RESISTANCEPRETTY SIMPLE TRADE F IT GOES AS IT HAS BEEN. NOT A PROFESSIONAL AND DON'T LIKE ALL THAT TECHNICAL TALK AND ALL THE INDICATIORS THAT PROFESSIONALS ARE USING AND LEAVE US ALL TO TRY TO FIGURE OUT WHAT THEY MEAN SO KEEPING IT SIMPLE. NOT RECOMMENDING THIS TRADE JUST SHARING THE MOVE I PLAN TO MAKE... THESE ARE FUN TO WATCH LATER:)
Trade ideas
FSLY - Santa rally coming to FSLY?$FSLY is slowly filling out the gap. Can this week's rally fill up all the way or the short week not enough?
#tradeidea
Broken Wing Butterfly
+1 Dec 24 $106c
-2 Dec 24 $109c
+1 Dec 24 $110c
Cost bases currently: $0.71
Max Profit $225 (~300%) @ $109 Strike
Above $108 180% profit
PoP: 30% *** LOW PROBABILITY PLAY
Fastly w50 2020. Wait if price Holds 100. LONGMonthly
Young company 2019 year
Uptrend
Weekly
Uptrend
Daily
Stock gaining power but too reliable on Tik Tok usage ( key customer of Fastly)
Therefore this stock is risky.
If you have risky strategy for short and middle term , you could consider LONG for Fastly.
Open LONG from 106 where a lot of sellers placed orders to 130 only after 100 is retested on Daily.
IF price stable holding above 100 then
OPEN 106
SL 93
TP 130; 160
RR 2 or 4 depends on your strategy
Fastly Big Bullish Gap Fill/Possible Retest of ATHFastly needs to break the 102.70-103 level then it'll go to fill the gap. Ascending triangle on the longer time frame makes it really attractive. Red lines are my exit targets 117-121 being where I sell majority. Will leave some runners for a possible retest of ATH/top of the megaphone pattern. MACD is looking to cross on the weekly and stoch is curling up. Tons of crazy bullish option flow this friday.






















