FSLY
FSLY trade ideaBeautiful setup for FSLY:
Descending triangle setup with VERY strong support line around 72$-73$.
Breakout the ascend diagonal trend line AND 50MA line will trigger a long position for me. Also, expecting to see RSI above 50.
Buy > 87$
Stop < 70$
FSLY Long Set up Although market has been following and nasdaq more so than other indexes, FSLY is holding strong. That is a sign of accumulation.
Wage pattern has formed and on Friday on a down day for market it broke out of a wage pattern with a strong volume. Great set up if follow through comes on Monday. Looking to go long on this one. Feeling confident. Take a look at the chart MACD is showing strength also.
This is not a recommendation to buy or sell. Please do your own homework before buying or selling any financial asset. This is for educational purposes only.
FSLY PT $91 or $69Continues to pull up from the neckline on this Head and shoulders. It currently formed a symmetrical triangle that could push it up ~$15 or down $15. Yes it has broken out of the upper trend line, but i would like a confirmation candle upwards to confirm we are heading up. There are multiple gaps above to fill, but if the market continues down, this should fall pretty quickly.
FSLY in a Bullish Wedge?I had been thinking that FSLY was forming a head and shoulders top - but I've come around to interpreting it as a bullish wedge after this weeks action. It continues to find support at a key level. It also printed a shakeout candle (reversal) on 09/04 after breaking to new lows. Breaking out from the wedge would also be a break of the 50-day moving average. Taking out the "right shoulder" would likely propel this thing to new all-time highs. Price action this week has steady despite the tech selloff. I think there's a lot to like about this FSLY chart. Maybe next week?
FSLY LONGAll this tiktok nonsense does not take away from the fact that FSLY is a solid company with AMAZING customers: SHOP , SPOT, ETC.
Head and shoulders turned into -> Descending Triangle. Money Movers won't let this fall below 75.
We will see new highs in the coming years if FSLY can keep innovating in the CDN space and cybersecurity.
FSLY short ideaSeeing a potential Head and Shoulders formation in NYSE:FSLY . Do your own research, this is not investment advice.
FSLY H&S showing on the daily chartLet's see how this plays out..looks like if the market trends down next week FSLY will not be in a good defensive position.
FSLY: 2 month long Head & Shoulders amidst TIKTOK concernsTechnicals:
Potential 2 month long head and shoulders spotted.
MACD and RSI signals a continual bear trend(despite short term reversals)
Fundamentals:
FSLY forming a 2 month long head & shoulders amidst TIKTOK concerns and prolonged negotiations on TIKTOK acquisitions. TIKTOK is currently FSLY's largest customer: delayed acquisitions and potential ban will put FSLY in a vulnerable state.
Wait for break below neckline for confirmation.
Head and Shoulders OSTK???Another one. OSTK could be following the same path as FSLY. They are bother perfect candidates for a Head and shoulders pattern. Watch for price action to complete the right shoulder. If we break the neckline, watch the rug be pulled and this to fall quickly to $55. The ENTIRE market is overvalued and everyone knows it. I said september is the month things will fall apart. Lets see
Head and Shoulders for FSLY????WOW!!! This could be developing a MASSIVE head and shoulders that if played out would drop the stock to ~$35. Anyone long this should take notice of the ~$75 support line. Luckily FSLY still has a major gap to fill back up to ~$105. I anticipate this to play out over the next week if the market stays strong. AAPL and TESLA having their split should cause another ridiculous melt up of the market carrying everything to the moon. Any longs should hope for consolidation around the $95 to $105 level to break this potential head and shoulders.
FSLY might explode tomorrow and pullbackFastly might explode tomorrow in +$10 range with the recent Microsoft's news to acquiring Tik Tok. It then will pull back to form head and shoulder pattern.
FSLY might have a bad weekFSLY is falling down past the 20 adn 200 Ma no looking good would be looking to sell or a put option come end of day monday
$FSLY to Inside Target on Bounce TradeFSLY "inside target" achieved on test of $90 level for about 15-18 pts. Time to put something in the bank. See prior here and here .
FSLY- Down, but not out yet. UPDATELike I stated before, if price goes back above 90 and successfully retest the lvl, then bulls have the chance. If not, potential play is to build up shorts inside supply zones, then close the shorts and flip long once the price lvl is inside the buy zone.
FSLY great support to start a position at these pricesFSLY has run a lot and we are paying a premium at these prices for a great growth stock !!
They have beaten all the expectations in the earnings and the major turbulent catalysts are already over for the company.
Possible buy the dip opportunity
Observation on Fastly (FSLY)Trend line is subjective (multiple ways to draw it to fit your view) but $78 per share looks pretty significant to me. It's also where the 50 day moving average is resting. Watch that level for a trade.
