Get started

FSLY

FSLY Support and Resistance. Potential Bearish FlagNYSE:FSLY is being faced with a class action law suit and it has caused lots of volatility for the stock price. It has moved back into its price range from late June and it seems as if it is ready to wipe these gains out. A drop below 71.52 and 68.74 could create more rapid sell off for FSLY. If price breaks the top of the flag and more buyers take interest, it is likely to move back up and first test the 100 day SMA as resistance and slowly move towards 91.41 to consolidate between 78.58-91.41 before moving higher or lower.
NYSE:FSLY
by crawfordpaul
Not sure I under the Fastly obsession Fastly trades at at a price-to-sales ratio of 32. AND that's after a 40% drop in its share price and a guidance cut. I mean, there are 4000+ other stocks to pick from and probably 10 other similar names in this space. I'm not sure I understand why so many people are crazy bullish about this name. Unless you think they can double and triple their revenue for the next 3 years without any more hiccups, this thing is still way overvalued and potentially way over followed. Now, I have no position, and I respect the companies product. Becoming a publicly traded company is NOT easy. So anyone company that does that? Well ,impressive. But, this definitely on my watchlist. I think if it can bounce back into the 80s, some puts will look mighty attractive. a return to $50/share seems possible.
NYSE:FSLY
by scheplick
5
Breakouts are for BuyingWhen we look at the headlines, we have to realize that these are just trying to grab our attention and take away from what we should be really paying attention to. Breakouts! Instead of just looking at the index or tuning into financial media for the latest narrative, we should be looking for things to buy. Today we will look at FSLY. Let’s hop on the chart. This is the type of chart that we want to own. The pullback that took place didn’t affect every stock the same. Some of the stocks just went into a basing pattern and are now breaking out. This is bullish. Last time we saw a breakout like this, we went all the way to the 200% fib extension. The breakout looks very similar to last time and the stock has stayed in a bullish regime since April. We have a bullish trend and a bullish breakout. What more could you ask for? Happy Trading!
NYSE:FSLYLong
by derzzycharts
8