FSLY - Gap Fill PlayThere have been rumors that CSCO is planning to acquire FSLY. FSLY has been a beaten-down ticker due to their revised guidance a while ago. With the TikTok news not being a top headline these days and a CSCO acquisition rumor looming in the air, we can see this massive gap on FSLY potentially being filled soon.
I'm planning to enter if it retraces to $90.51 for a reversal play, or if it breaks $99.33 with significant volume for a momentum breakout play.
As with all rumor-driven plays, please be cautious as we can see a sell the news, depending on whether the acquisition goes through or not, and how much it would be for if it does go through.
PT 1: $108.15
PT 2: $120.70
PT 3: $136.96
PT 4: 156.01
Stop Loss: $90
