FSLY Support at 22.50I like FSLY here at the support of around $22.50. Personally looking at $25 calls for mid March.
2Y7 trade ideas
FSLY - Weekly Chart Looking BullishFastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well.
All price targets are noted in dotted green lines using Fibonacci Extensions.
Short $FSLYLet's see where we close this week. I believe $FSLY is clearly overvalued, and I'm looking at a short.
All the MA above will act as resitance, RSI is not really bullish so I'm betting on a short.
Long Idea - Recovery Breakout20/Nov/2019 02:44 PM AUTHOR: Brandon Gum
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2 to 1 RR
I wouldnt be surprised if this doesnt work out.
First level Im watching is the red which is also where the trgt was placed.
Stop was placed discretionary, not systematically.
Thought: What is the proper way to use Fibs here.
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Short $FSLYSummary
Fastly, Inc. has developed a cloud platform that aims to be as close as possible to the end-users.
Investors who acquired shares at $16, $15, or even lower should be now celebrating the stock returns. They doubled their money in less than four months.
In our opinion, several indicators are suggesting that this name is now a Sell.
We don't believe Fastly should trade at 16x sales with 37% revenue growth.
The Dollar-Based Net Expansion Rate was lower on June 30, 2019 than that on June 30, 2018.
FSLY High-flying IPO looking to cool off before the next moveFSLY has generated a lot of buzz this week. Is it a good buy now? Here are my thoughts
Analysts Love cloud specialist Fastly------TARGET PRICE $32.50------ENTRY LEVEL $25.50-------.
BELOW $25 SUPPORT LOST, TIGHT STOP LOSS.
Source Motley Fool
On Aug. 9, following the company's second-quarter update, Stifel analyst Brad Reback reiterated a buy rating on the stock, noting its attractive valuation. On the same day, Baird analyst William Power reiterated his outperform rating, noting that the stock's pullback after its second-quarter update was a buying opportunity. Last Wednesday, Piper Jaffray analyst James Fish initiated the tech stock with an overweight rating.
Fastly's second-quarter results earlier this month marked the company's first quarterly report as a public company. Revenue during the period increased 34% year over year to $46 million, and its non-GAAP (adjusted) loss per share narrowed from $0.20 in the year-ago quarter to $0.16.
From the dotcom 2.0 department: FSLYLet's give it a bit of time to marinate in Trade War juice. Should be easy money unless the music suddenly and abruptly stops.
