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Fastly, Inc.

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FSLY trade ideas

$FSLY Cup and Handle & ER runup-$FSLY has held over the $100 level strongly. In my previous post I was looking for the gap fill and a potential inverse head and shoulder but even better we managed to get a cup and handle formation -Cup and handle typically performs best on higher time frames as the movement takes a while to form but the outcome is very rewarding. -As we are consolidating near a strong support we can potentially start seeing the effect of Earnings coming up and as mentioned in my previous post some of the biggest FSLY 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 back to $120 first as we filled the gap and essentially we ca start picking up the pace and head back to ATH and push even higher with increase of user base from its current customers and I'm still targeting $150 approach that could be done with positive earnings response. $MSFT had incredible earnings in the cloud computing field so looking for a sympathy in $FSLY -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 starting positive divergence and the 4hr as well confirms. Once we can consolidate and regain $120 as support we can expect that ATH push
NYSE:FSLYLong
by anthonyt1031
1
FSLY False breakoutFSLY has filled the gap, and in my previous FSLY post i had posted shorting it from 120-105 as a reversal from the gap fill. Now that that idea has reached its target, a new idea of the false breakout ignited a new trade. The gap fill never held its breakout from yesterday and completely retrace creating a long wick doji and closing back under breakout level. This is a bearish sign, that it was a false breakout and more downside is ahead. I have 95 as a new target.
NYSE:FSLYShort
by BBTrader29
12
$FSLY, Gap fill/ Earnings runup. #Repost -$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
NYSE:FSLYLong
by anthonyt1031
2