$FSLY Cup and Handle & ER runup
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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
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
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