FSLY trade ideas
FSLY was a top quarterly gainer. Expect an Uptrend reversalFastly Inc - Ordinary Shares - (FSLY, $62.11) was one of the top quarterly gainers, jumping +250.71% to $62.11 per share. My A.I.dvisor analyzed 117 stocks in the Information Technology Services Industry over the last three months and discovered that 114 of them (97.65%) charted an Uptrend while 3 of them (2.35%) trended down. My 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, my A.I. thinks the odds of an Uptrend reversal for FSLY are 83%.
FSLY reaches a 3-month high. Expect an Uptrend reversalA buy signal is generated. I analyzed 117 stocks in the Information Technology Services Industry over the same period of time and found that 113 of them (96.43%) were in an Uptrend while 4 of them (3.57%) showed a Downtrend. I 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 next month. Based on these historical data, I think the odds of an Uptrend reversal for FSLY are 83%.
Buy Long: Fastly Inc - FSLY - Technology Software ApplicationBuy Long: Fastly Inc - Ticker: FSLY - Sector: Technology Industry: Software—Application
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Buy Entry: 48.07 to 52.36
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FSLY Looking To Short This Bounce Down To $30Title says it all - looking to short this name down to the GAP at 25/30 with PUTS - As always not advice
LONGEasy 10 %
Long the support at 38.74 till the blue box. wait for a sceond confirmation of the support in the 5 min intervall and then enter.
Fastly $FSLY is hitting the wall$FSLY is hitting the pivot resistance on second day. RSI is 78. It may need to pull back before continues to rise.
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FSLY Support at 22.50I like FSLY here at the support of around $22.50. Personally looking at $25 calls for mid March.
FSLY - Weekly Chart Looking BullishFastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well.
All price targets are noted in dotted green lines using Fibonacci Extensions.
Short $FSLYLet's see where we close this week. I believe $FSLY is clearly overvalued, and I'm looking at a short.
All the MA above will act as resitance, RSI is not really bullish so I'm betting on a short.
