It's possible we may see a relief bounce in FSLY tomorrow. This could make for a quick scalp long or a chance for
people holding shares to get out at a better price. I'll be watching for a move back into 100/105 area. Alternatively, if we lose the
post market low, price is likely to test the bottom of the box I have drawn. I would not recommend buying
and holding the dip. These selloffs rarely find bottom in the first 2 days. Better to wait unless you are scalping
or trying to get out.
people holding shares to get out at a better price. I'll be watching for a move back into 100/105 area. Alternatively, if we lose the
post market low, price is likely to test the bottom of the box I have drawn. I would not recommend buying
and holding the dip. These selloffs rarely find bottom in the first 2 days. Better to wait unless you are scalping
or trying to get out.
Note
FSLY bounce play working. Trailing with the 15M 9 ema.Targets 97/100/105.
Note
Bounced but missed my first target by a point and a half. Stopped myself out when it closed back below the 15M 9ema for a small gain.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.