FSLYFSLY - Trade Idea - Oct 9 125C - bid/ask: 2.20/2.50
Closed at 120.33 today after a big breakout above
102 and 117 resistance
I would like to see FSLY break above 122 in the first
15 minutes and run towards 127-134 by EOD
FSLY trade ideas
$FSLY Breaking loose from a two-month base on monster volume. Fastly, Inc. Well-bid cloud computing industry. YoY Sales of +60% Working on the earnings part of the picture. Good accumulation, presumably from funds. Second base breakout this year. Popular CANSLIM type play.
FSLY: Targeting $89.25 - $90.86Friday created a Head and Shoulder play and this morning it retraced Friday's Loss. On its way down? I think at least in the short term
$FSLY Fastly Gap Fill Trade Setup
Although it had a quiet day today , there looks to be a gap fill trade opportunity.
Fastly in wave 3 of 5.Currently heading up towards the 1.618 resistance of wave 3 where a pullback into wave 4 is expected to around the .382 level (around 91.5). We then enter wave 5 up towards the gap fill and if momentum is strong and volume is there, to new ATHs.
$FSLY Fastly Bullish Gap Fill Trade setup
Beautiful reversal from the lows which is now sitting just below a 7.5% gap.
Alert set for break above key psychological resistance @ $100.
Upside gap fill target $107.64
Resistance is weak above so a rally to old highs is very possible.
Here is a Buy Setup in Fastly $FSLYBuy, when we break above the purple line.
Moving averages are rising and act as support.
FSLYLet's do this. This stock still has a lot of juice to go sky high. Buy at the break of $100 or here is fine too. Follow the horizontal lines for potential targets.
FSLY to 100$ againFSLY after breaking descending triangle (see previous trade idea in the link below).
Got pullback and now might have reversal upward to 100$.
Stop < 85.4
FSLY update - Another bearish pattern failing. BullishFastly is likely failing the potential bearish head and shoulders everyone was watching. A close above 96/97 sends it to new all time highs IMO.
Previous analysis on FSLY:
Click chart and scroll down for my most recent posts on it.
Bullish upside on 4hr. Bullish pennant found on the 4hr TF and the daily head and shoulder may be invalidated. Lets lookout for the opportunity ahead
FSLY Long Constructive chart. The 20 EMA is starting to trend upwards. If we break the downward resistance on heavy volume would be an ideal long play.
Price Target: $125
Shorting Fastly- Rejection at the right shoulder spells troubleThe consolidation has been ongoing and the bearish engulfing candle at the right shoulder is showing the 2nd rejection. As such, we think that the price will target 123.6% of the head and shoulder minimally which if it rebounded strongly, it means the Head and shoulder will have a failed break below.
$FSLY respects MACD The graph reveals what would have happened if we respected the entrance provided by the MACD forrest since the coronavirus crisis. Nonetheless, we´ve had a LONG signal a few days ago. This is supported by the RSI stepping above the 50 points level.
Is fastly gonna keep respecting these indicators?
Looking to short itI know, this analysis seems a bit too extreme. The target is based on the official calculation of the "Head and Shoulder" Pattern.
My personal target is above that, between 39.09-49.68 (based on Fibonacci retracements, and Pivot Points)
