Great Risk to Reward Here, Looking for double mitigation to come into play, 8:1 RR, still correlates heavily with stocks which may come down in future but lets see if the buying potential is here, targeting gap right into where price sold off at.
In this update we review the recent price action in Fastly,Inc and identify the next high probability trading opportunity and price objectives to target.
Because multiple people have asked....
I think it fills the gap tomorrow, goes sideways until the Fed meeting. Don;t bother going long until Powell pumps the market
I plotted this for my own edification, so I figured I might as well share it.
FSLY is forming a very distinct falling wedgie, looks like it should break out sometime between now and end of the month (EOM), my calculated breakout point oddly coincides with the next Fed meeting.
Take it for what you will. I'm just trying to figure out downside targets for various...
Fastly - Short Term - We look to Sell at 33.50 (stop at 37.10)
Previous support, now becomes resistance at 34.00. There is no indication that the selloff is coming to an end. 20 1day EMA is at 36.50. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance...
Bullish divergence has formed in 4hrs time frame ...............i believe bottom is almost here ..........need conformation engulfing candle to enter the trade
$FSLY 1D
Strong move on Friday. If lows hold, we can see continuation higher to my wave 3 target of around $50. A daily close over $41.75 will give me conviction for a swing.
Been waiting a while for this one lets see if it will be worth it.
We got bullish divergence on the MACD nothing much on the RSI but still a nice looking Harmonic here at an old zone Support/Resistance so it's worth a shot.
FSLY moved strong AH on ER beat but at open it did not hold gains. Mostly because they did not improve much financially since last ER and outlook had been lowered. But, I do think FSLY is very strong at these levels and patience will pay off here. FSLY had again filled its gap from May and got rejected, retesting 20 day MA. If it can hold 20 day MA, I don't see...
