FSLY - Santa rally coming to FSLY?$FSLY is slowly filling out the gap. Can this week's rally fill up all the way or the short week not enough?
#tradeidea
Broken Wing Butterfly
+1 Dec 24 $106c
-2 Dec 24 $109c
+1 Dec 24 $110c
Cost bases currently: $0.71
Max Profit $225 (~300%) @ $109 Strike
Above $108 180% profit
PoP: 30% *** LOW PROBABILITY PLAY
0A3P trade ideas
Fastly w50 2020. Wait if price Holds 100. LONGMonthly
Young company 2019 year
Uptrend
Weekly
Uptrend
Daily
Stock gaining power but too reliable on Tik Tok usage ( key customer of Fastly)
Therefore this stock is risky.
If you have risky strategy for short and middle term , you could consider LONG for Fastly.
Open LONG from 106 where a lot of sellers placed orders to 130 only after 100 is retested on Daily.
IF price stable holding above 100 then
OPEN 106
SL 93
TP 130; 160
RR 2 or 4 depends on your strategy
Fastly Big Bullish Gap Fill/Possible Retest of ATHFastly needs to break the 102.70-103 level then it'll go to fill the gap. Ascending triangle on the longer time frame makes it really attractive. Red lines are my exit targets 117-121 being where I sell majority. Will leave some runners for a possible retest of ATH/top of the megaphone pattern. MACD is looking to cross on the weekly and stoch is curling up. Tons of crazy bullish option flow this friday.
FSLY - Gap Fill PlayThere have been rumors that CSCO is planning to acquire FSLY. FSLY has been a beaten-down ticker due to their revised guidance a while ago. With the TikTok news not being a top headline these days and a CSCO acquisition rumor looming in the air, we can see this massive gap on FSLY potentially being filled soon.
I'm planning to enter if it retraces to $90.51 for a reversal play, or if it breaks $99.33 with significant volume for a momentum breakout play.
As with all rumor-driven plays, please be cautious as we can see a sell the news, depending on whether the acquisition goes through or not, and how much it would be for if it does go through.
PT 1: $108.15
PT 2: $120.70
PT 3: $136.96
PT 4: 156.01
Stop Loss: $90
FSLY | Next stop 0.5 fib @$98FSLY is on the move, trading back to its previous accumulation range $80 - $85.
If $85 holds today, and through the weekend, this is headed right back up to its 0.5 retracement @$98. It may take a while if we see low volume but it will get there relatively smoothly.
Look for entry within the accumulation range, SL @$75.