Downtrend coming up again - 108.98Ichimoku cloud turns downtrend, coupled with overbought indication on RSI. Target price 108.68 from Fibonacci retracement.
FSLY trade ideas
BULLISH- Cup & HandleQuick Update on FSLY! It has been exhausted for a while.
As of now, it's looking like a nice set up right now.
A clear Cup and Handle has formed.
If you take a look at the volume, every time the price drops, people tend to buy the dips.
Should be reaching to 75 soon.
If it can make it to 77, then it has a lot of potential to fill in the gaps from previous highs.
This is not financial advise, only for educational purposes.
FSLY forming a handleCup and handle finalizing? Wait for the buy signal here. Slow down, wait for confirmations, then enter fastly!
Fastly Hit like/follow if you like my ideas. Your support helps me fastly outwit the tradingview algorithms to put me in the top! Much appreciated!
Inverted Heads & Shoulders or Double Bottom?- My initial thoughts for FSLY is that it will form a inverted heads & shoulder (yellow line).
- However, I'm having second thoughts due to the market conditions and bong yields % on the rise, will this form a double bottom (blue line) or maybe even worse?
I'm new to trading and this is my very first idea as a beginner.
Would love to hear you guy's thoughts and opinions about this!
Would also be open to hearing your advices on drawing charts :)
Fastly 3.18.21$FSLY is currently trading at long-term support, dating back to June 2020; second-level support is at $62. March 16, 2021 close was approximately 45% less than ATH.
Fastly looking to break out of short-term resistance. First target is $81.
$FSLY is a volatile stock so trade with caution. I see it trading between $70 to $100 from here to EOY.
FSLY Setting up BullishFSLY is trading at resistance around the 77 level. If we see a break above 77 I think this stock will do very well.
FSLY bigger volume on the close.The closing volume is interesting. I will watch to see if there's a follow-through at the open.
intresting chart, not my cup of tea but has upside potential has been stuck between 70 and 120 for 9 months! could be a good scalp to 120 but i wouldn't expect any real trend here.. look more like a pump and dump to me! but i could be wrong of course. bullish short term but be careful when we hit 100-120 area. gl ;)
FSLY fast reversalFsly at a nice area of value for entry here. I like the latest candles on the daily indicating a reversal. Let me know your thoughts!!
FSLY Hitting Fib LevelFSLY recently hit a Fib level and recent support and saw a bounce. I think this stock shouldrecover well.
FSLY bottomFSLY came down & wicked off a massive level. One would think that bulls have to defend this level with strength. There is nothing for volume below. Looking for this to regain that hidden trendline which has given massive moves.
PullBack FishingPossible Stop below 57.5.
Close enough to call a double bottom, as long as it does not get thrown down again (; Right bottom right now would be 58.21 and 1st bottom is 62.20. It is not unusual for one to be higher than the other, but any further down, I would not call it a double bottom.
Perhaps it is a bullish shark pattern. It is trading in some sort of harmonic pattern, and only the cypher pattern and the shark pattern have the 2nd peak higher than the first peak. It has pulled back too far during the last leg to be a cypher pattern. It is qualifying as a shark but no way to know if the end of the leg down is the end just yet. We can only take an educated guess and no one is always right. Any pattern can fail just like any trend line or level of support can fail.
When harmonic patterns hit the completion zone, they can be very volatile, especially when the security in question is in a sector that has been catching hail (o: as of late.
Long entry level is usually viewed as a at or above level. Targets 2 are longer term and may or may not be met. I focus on targets 1.
Not a recommendation. Researching before you jump in can help a lot. Practice does not always make perfect but it sure can help! Loose stops as of late seem to be a good idea as well if you plan to hang with Mr. Market.
I looked down Friday morning and I was almost totally in the red except the stocks I bought in the defensive sector like PEP and PG. Then by the afternoon I was in the green for the most part. It can be very hard to trade a market like that so I am trying not to beat myself up! LOL
Basics of Chart reading and drawing support/resistances lines. Hey guys, I had people ask me how to draw support and resistance lines and also the basics of just reading a stock chart. Always work your way from outside to inside. You want to see the whole picture and not trade in a vacuum. Some people call it supply and demand zone. When I started day trading and swing trading, I started out with drawing out these lines. This is part of technical analysis. Trust me, this is one skill you will want to have and it can be very profitable if you find the right stock ticker to swing trade. I can it rinse and repeat. If you do it right, you can actually make someone's yearly pay check or even yours.
So usually I would record off my Ipad but it makes so much time to edit and upload to facebook. I'll just try this on tradingview and post on Youtube for my friends who are interested in learning the basics. If the quality of this sucks, I will use my iPad next time with cartoon Me and post on YouTube. Posting on FB takes way too long.
Next time, I will go over the basics on how RSI, Simple moving averages (SMA), and Exponential Moving Averages (EMA) works. How to read them on a chart to see if the stock is on an uptrend or downtrend. This will eliminate FOMO.
Enjoy.
$FSLY Support + RSIFastly is at a support level and RSI is oversold on the daily. Expecting a bounce...
FSLY looking very bullish swing tradeBullish divergence on BlueWave + Green dot buy signal.
RSI oversold, and sitting on a resistance line.
This is a swing trade analysis
FSLY about to break up?FSLY looks interesting, it has reached a recent LOW and a support level, now it could bounce back at it's TP or even new ATH.
Following days will be key to determine where it could go.
Good luck investors!
LONG FSLY / MAKE OR BREAK AREA! Double bottom + Support + Double top + Classic bullish divergence on the RSI. A reversal it's probably starting! On top of that, it is very easy to manage your risk.
