FSLY trade ideas
Trading Fastly's Upcoming Q420 EarningsThis is actually a very newbie version of Technical Analysis, combined with a ton of fundamental information to supplement the price action. Most of the information can be found within the boxes in the chart.
Lets see what happens!no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
FSLY on the movePotential to break past ATH but could just as well test resistance into an overbought dip
Ascending Triangle in FSLYPotential bullish ascending wedge in fsly. trigger over $117.8. target $130, stop $108.
FSLY over 115.21This name moves big every once in a while and price action may be hinting one is on its way this week. While it 'filled the gap' with the wick a few days prior, it could not close and hold over. Subsequent candles show a good degree of buying and selling pressure which can indicate a larger move coming.
$FSLY Cup and Handle & ER runup-$FSLY has held over the $100 level strongly. In my previous post I was looking for the gap fill and a potential inverse head and shoulder but even better we managed to get a cup and handle formation
-Cup and handle typically performs best on higher time frames as the movement takes a while to form but the outcome is very rewarding.
-As we are consolidating near a strong support we can potentially start seeing the effect of Earnings coming up and as mentioned in my previous post some of the biggest FSLY customers we have:
- Shopify
- Tiktok
- Spotify
- Github
- Fubo TV, and many more
-Big competition in this market, however, earnings are approaching on 2/17 so we can essentially see the push back to $120 first as we filled the gap and essentially we ca start picking up the pace and head back to ATH and push even higher with increase of user base from its current customers and I'm still targeting $150 approach that could be done with positive earnings response. $MSFT had incredible earnings in the cloud computing field so looking for a sympathy in $FSLY
-Once the gap is finally filled, we will see the rally on this stock. Don't sleep on it
-Lastly, not included in the picture, Weekly time frame shows signs of starting positive divergence and the 4hr as well confirms. Once we can consolidate and regain $120 as support we can expect that ATH push
Bullish Diamond BreakoutWe just broke the previous high and broke out of a Diamond in the process; Lets see if we can hit some measured moves.
FSLY possible wave 3 about to startgood buying opportunity here at around the .618 wave 2 retrace of the larger wave 1
FSLY False breakoutFSLY has filled the gap, and in my previous FSLY post i had posted shorting it from 120-105 as a reversal from the gap fill. Now that that idea has reached its target, a new idea of the false breakout ignited a new trade. The gap fill never held its breakout from yesterday and completely retrace creating a long wick doji and closing back under breakout level. This is a bearish sign, that it was a false breakout and more downside is ahead. I have 95 as a new target.
FSLY Gap Fill at 121FSLY looks strong enough to resume higher. Should attempt to reach recent highs around 130
FSLY Gap Fill ReversalFSLY has filled the gap in its chart. With resistance overhead at the 130 area, i believe this will turn around a pull back to pre gap fill levels around the 105 range.
$FSLY, Gap fill/ Earnings runup. #Repost -$FSLY has regained the $100 level but I don't trust it for now as it's forming my favorite combination of ascending triangle and inverse head and shoulder. Not to mention the gap fill we are all waiting for.
-Bigger picture it's breaking out of symmetrical triangle which most likely will lead to a false breakout to retest near $96 level one more time before heading back to $102
-Outside of Technicals, doing a deeper research on FSLY biggest customers we have:
- Shopify
- Tiktok
- Spotify
- Github
- Fubo TV, and many more
-Big competition in this market, however, earnings are approaching on 2/17 so we can essentially see the push over $102 to $120 and with high volume $FSLY will catch the run to ATH and push even higher with increase of user base from its current customers and I'm targeting $150 approach that could be done with positive earnings response.
-Once the gap is finally filled, we will see the rally on this stock. Don't sleep on it
-Lastly, not included in the picture, Weekly time frame shows signs of positive divergence starting
Is This BULLISH SYMMETRICAL TRIANGLE ?Disclaimer: This is just an idea it is not signal.
NYSE:FSLY
Is This BULLISH SYMMETRICAL TRIANGLE ?
FSLY might be fastly running back upHold pretty well at previous support.
Made healthy pullback so far, if this support can be held longer,
highly likely it will for to $100 again.
FSLY C&HI love the cup and handle formation FSLY, with it in a squeeze, coming out of the handle, and increasing stregnth + green volume, I'm loving a set up here to fill the rest of the gap upwards!
FSLY With Volume and Catalyst Will FLY, To 115.00 Very SoonFSLY provides cloud computing to companies for their day to day operations with one being ecommerce powerhouse Shopify. With Covid seemingly not slowing down Fastly is sure to continue it's quick acquisition of customers for cloud computing. FSLY imo needs to keep landing customers and will with the current way this 2nd wave of the pandemic is playing out. Losing TikTok as a client hurt it but WHAT IF it gains another giant?? A catalyst is needed for a punch through the 108.00 mark and when that happens.. Up we go!
With volume this week, this thing can fly!
FSLY 80%, 2~3 monthsOptions are cheap for this. Showed up on my straddle index. Im guessing this is getting ready to explode and fill those upper gaps.
Trade 1/3
Targets and Stop are listed.
