Stable uptrend + bullish sector
Cup and Handle formation
Will be break out to UP.
Better to pick Long now
I think company worth to buy now.
It has very good potential to double assets before 2024.
When CUP and Handle Formation will be finished.
Consolidation in downtrend
Price above criticial level of 50.
Will test and if break will up to 100.
Weak power of trend = will continue range
Only if price will break and confirm 50 then buy
I expect it as very long trade. If you look for safe position it couldd be good.
In upper channel
Clear divergency on RSI
I will wait for long correction. Seems better short
However, I think that company has bright feature and will gain profit after.
Strong uptrend but volume lowering - power decreased
Uptrend, not high volumes, near to 100 as SR level = strong sellers pressure.
I recommend wait for more attractive price and buy.
Open 82 for TP 110
or SHORT 100 to 75
Young company 2019 year
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...
POssile breakout - no strong volume confirmation = unproven
Cup and Handle Pattern - could possibly go long
Good earnings push price UP.
Price above SR level, good volumes.
Good conditions for long but only on pullback. (FIB 0.5
Also due to holidays I expect earnings increase.
OPEN LONG 87