DmitryZZZ

Fastly w50 2020. Wait if price Holds 100. LONG

Long
NYSE:FSLY   Fastly, Inc.
Monthly
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

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