FSLY may restart its bull trend againMACD goes above zero again and a big recovery and break from early loss signals that bull is back.
2Y7 trade ideas
Patience pays off #stocksThe Model had great trade location in early november but has been a slow burner for a stock with high volatility. We got a big move today and we think the earnings gap is in play
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Long Fastly Fastly was beat down on subpar earnings. It was a nice long off the low.
Scaling in and adding to position at each fib retest.
Have to be patient with this one. This has been a month long trade thus far.
A hold below a previous fib and I will exit the trade.
FSLY is setting for the pullbackFSLY is consolidating inside of the resistance area showing relative weakness. It may retrace to the area of the previous low soon giving a decent short entry opportunity.
Fastly has the chance to break above the 50 period MA and head uFastly has the chance to break above the 50 period MA and head up to about $115 before any big resistance.
FSLY - Possible swing to fill the gapRSI moving up on increased momentum
CMF moving up and close to pass 0
MACD bullish after big retracement
All EMA lines passed by the price
$FSLY resisted at 50 MANice move from the lows, can chop around or test 75 before next leg up with end of the year profit taking or cutting loss activity.
FSLY target 90 for wave 1FSLY approaching 90 to complete our wave 1 move off the lows, looking for a wave 2 back down, at which a more bullish trend will be more apparent. If we can hold the lows made back in November, I would be confident taking a position with a stop underneath that low, and hopefully riding it up to our wave 5 target at 140. Copyright Rohan Karunaratne 2020
Based, ready to launchRight below the fib, will be watching closely for a run up and through the gap.
FASTLY is going to be very interesting SoonI have a position in FSLY; however I am playing some of the possibilities we may see in the near future. These Parabolic Curves May Not Line Up, but I am curious to see how they hold up as time progresses
FSLY outlook, wave 5 target 90Completion of wave 4 on FSLY going into the close, target wave 5 o 90, and then an ABC retracement to around 77, but that is a tentative target. Copyright Rohan Karunaratne 2020
$FSLY Fastly Inc Up Big pre-market- Potential targets
FSLY reversal is well underway , first major target is the Fixed Range POC (redline) @ $85.60.
Higher levels to watch as per the chart with the GAP FILL @ $95.37 as a major pivot level.
