FSLY trade ideas
FSLY bullish after tic tok deal is finalized with MicrosoftFSLY had good earnings recently.
The stock only fell because of tic tok being Ban by Trump
Now that Microsoft has brought out Tic Tok, expect the stock to reach at least where it once was.
Bullish on FSLY
FSLY to the upside... if you dont have the money to jump in do an option that's in the money or do one close to ITM ... or just buy the stock out right and get you them GAINZZZZZZ #LetsMakeMoneyTogether
FSLYFSLY to the upside... if you dont have the money to jump in do an option that's in the money or do one close to ITM... or just buy the stock out right and get you them GAINZZZZZZ #LetsMakeMoneyTogether
FSLY Gap FillFSLY is looking like its about to start filling the gap in its daily chart. This is a view from the hourly chart, there is minor resistance around the $97 range. I think this is will start filling today as there was a break above.
FSLY LongNice opportunity with Fastly.
After a price collapse and a huge gap down, the stock starts rising back.
We can see a double bottom pattern on support, we can see trendline going up, we can see support in 20 and 50 EMA, and bullish engulfing candles in recent days.
The signs say give it a try.
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 .
Double Top w/ HandleBull case:
1. First retest of 50ma
2. Back to major consolidation
3. Stoch and Osc both oversold into a uptrend.
4. Retrace to Fib38%
5. Rev grew by 45% over the past year, and is expected to grow another 30%
Bear Case:
1. Broke major trend line on volume
2. Broke 20ma and hanging onto 50ma for too long
3. looks like double top and hanging out at neckline.
3. Earning expected to decline over the next 3 yrs and net expected to be profitable anytime soon.
4. Lots of insider selling and analyst downgrades over the last month.
5. In same sector as CSCO and AKAM which aren't doing great. .
ATR ~8.00
Float 81M
Short Interest 9%
Will enter small short on break of $72
FSLY Demand Zone Buy the Dip OpportunityFor DIP buyers Bullish on FSLY stock.
The green box is an optimal entry area to buy the dip.
Buyers already getting a head start as you can see price began to trade in green box and dip buyers saw the opp to buy at demand zone pushing price back above box- creating the wick.
Here I have 3 possible scenarios. Follow closely for whatever plays out then trade accordingly:
1) : Simple buy the dip opportunity. As price enters green box buy the dip with 1st target of $94 (look for divergences on smaller TFs for BTD confirmation)
2) ]blue arrow]: IF bulls fail to regain momentum and we lose green box. Patiently, wait for green box to be reclaimed then long the green box retest with the same target of $94
3) : IF price closes BELOW green box and bears continue to show strength. Wait for a retest of green box and IF bulls fail to get back above short at the green box targeting the lower green box at $65.
Notes to consider: All lower time frames are in oversold territory.
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
