FSLY trade ideas
FSLY correctingWaiting for an impulse to signify a bottom in this correction.
FSLY has a lot of potential based off of this impulse.
$FSLY Dat Trade Setup for Fastly
Possible day trade in Move above local Downtrend and move above VWAP + 12ma.
Stock is possible on last leg of rally so be cautious of rejections on previous highs.
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FSLY 4hr outlookLooking for a pull back to $97-$98 region before taking it down to $81. if we can't brek above $95 tomorrow and hit $97 then i'm going to enter a sell position and swing it down to the trendline.
Fastly Inc approaching wave 5 finishThe correction was quicker/shallower than anticipated. Looking at a 5 wave completion to finish out this impulse.
FSLY. Beautiful Breakout.Charted this a few days ago. Confirmed breakout of ascending triangle. Let's get that bag.
FSLY Long IdeaOkay here we go, FSLY is breaking above previous highs and is steady above the supporting averages. Volume is good. It's a buy here.
FSLY was a top gainer, rising +334.5%. Expect Uptrend reversalFastly Inc - Ordinary Shares - (FSLY, $84.51) was one of top quarterly gainers, jumping +334.5% to $84.51 per share.Tickeron A.I.dvisor analyzed 117 stocks in the Information Technology Services Industry over the last three months, and discovered that 114 of them (97.67%) charted an Uptrend while 3 of them (2.33%) trended down. Tickeron A.I.dvisor found 41 similar cases when FSLY's price went up 15% within three months. In 34 out of those 41 cases, FSLY's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for FSLY are 83%.
FSLY | Divergence | 1 Hour | Short OpprotunityFSLY broke a new high on Friday of around $88.
Indicators are showing bearish divergence in the 1 hour time frames, meaning the price has reached a new high, but the relative strength is getting weaker.
This also means that there were more sellers than buyers, and the price is being manipulated.
FSLYtook profit, expecting a dip soon following profit taking by bigger players.
Will be adding buying the dip.
y-o-y growth of 38% -> huge growth stock - edge cloud platform, software development, content delivery and image optimization, etc
market cap: $8.92B -> still relatively small, so could go way higher in the long term
FSLY has been hot lately ready to go higherSteady Growth for the past week and a half.
Strong Support at 71.00 dollars.
Rises 6 percent on June 25.
Trying to break 52 week high.
Set a buy stop at 82.00
Take profit at 90 to 100
Stop loss between 71 to 75
$FLSY Over-extended - Possible Double Top$FLSY Over-extended - Possible Double Top
Volume and RSI trending down since first peak earlier this week.
Recent parabolic run up is unsustainable. What goes up must come down.
Near term target: $72.00 support level (if support broken next target $65.00)
[$FSLY] Looking a little over extended$FSLY has been on a tear since their early May earnings report breaking their ATHs just about every day. I am bullish long term, but, it looks like we could be nearing the end of wave 3 or beginning of wave 4 of an impulse wave up.
It found some decent resistance around the 81.50 area to close just above its low for the day. If it breaks lower, I expect it to at least fill the gap left between the 73.5 - 74.75 area. A break below that should test the red trend line, and finally, work its way down to the yellow trend line where it should find some firm support at the end of the 4th wave.
RSI on 1H through 1D and especially on the 1D, it looks like it could make a shift downward at any time and Volume showing the most consistent selling activity than any point since Memorial day.
Place your bets and good luck!!
***THIS IS NOT TRADING ADVICE, these are just my own personal opinions based on own technical analysis. Do your own due diligence and be aware of the risks involved with trading***
FASTLY another darling of Wallstreet!Fastly Inc. a content delivery network that acts as an internet intermediary, has emerged as the best-performing tech stock outpacing Zoom Video Communications Inc,
ZM , a company that has been often in the limelight in the work-from-home era.
What Happened: Fastly made its debut in May 2019 and opened for trade at $21.50. Last week, the stock clocked gains of 36%. On Monday, Fastly shares rose by nearly 15%.
Since the recent market highs on Feb 19, Fastly has zoomed past Zoom as shares surged 222%. In the same period, Zoom rose 159%.
Why It Matters: As people take to working from home, the underlying technology of Fastly is being used by companies buoyed by the trend.
