Get started
LivermoreGrahamDisciple

FSLY Death Cross + Break in Support could bring big downside

Short
Fastly, Inc. (NYSE:FSLY)  
LivermoreGrahamDisciple  
NYSE:FSLY   Fastly, Inc.
Moving Averages Support and Resistance Triangle fastly FSLY short deathcross Bearish Patterns downside supportbreak
3
2
movingaverage supportandresistance triangle fastly fsly short deathcross bearish downside supportbreak
FSLY is down approximately 50% since January 27th and unfortunately it looks like the bleeding may continue. As you can see from the chart the retest of support is occurring in unison with the occurrence of the moving average death cross. I think there is a good chance support will be broken here in which case I believe we would likely see a further drop in price to $40-$50 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.