Login

Register

Login

Register

Fastly Slammed, But Tags First Technical Support

Shares of Fastly Inc (FSLY) collapsed as much as 25% on the day after reporting poor earnings, guidance as well as announcing the CFO was leaving the company. Fastly has fallen from a 52 week high of $136.50 to a low today of $43.00. The low today marks a key technical support level on the stock chart and will likely lead to a bounce higher in the coming days. Upside should be viewed as $50.00. At some point in the future, it is likely Fastly will fall again, this time going to a major support of $35.40. That leavel stands out as a longer term investible level versus the swing trade level of $43.00 that it hit today. Again to confirm, $43.00 is likely a near-term swing trade level while the $35.40 level could be held as a longer-term support.

Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. Gareth has already banked 503.37% net (51 winners, 1 loser), in Verified Investing Alerts in 2021 for members!  Join now and get the exact entry/exit price alerts, stops and targets…LIVE as well as daily videos, weekly live broadcasts and free educational videos. Get The Action NOW by Clicking HERE.