-$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
-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
Comment:
Update: $FSLY reach $119 target already.., This monster can prepare for ATH with MSFT good earnings so I can see it going to $150+