Fastly (FSLY)

Fastly (FSLY)

Postby winston » Fri Oct 16, 2020 1:45 pm

Is Fastly's Plunge a Buying Opportunity?

Let's check out the charts for the answer.

By BRUCE KAMICH

Trading at 32 times sales, Fastly was among the highest-valued cloud stocks he followed.

If prices moved more than 50% through a support zone they were likely to move all the way through.

So what is the support zone of FSLY? If we consider it roughly the $70-$100 area from July to September as support then weakness below $85 would not be good.

Traders need to watch and worry about weakness below $85 as it could precipitate further declines.


Source: The Street

https://realmoney.thestreet.com/investi ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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