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FSLY trade ideas

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.
NYSE:FSLYLong
by Riainvestment
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?
NYSE:FSLYLong
by mroberts1204
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