Fastly (FSLY)
Posted: 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
Source: The Street
https://realmoney.thestreet.com/investi ... yptr=yahoo
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