FSLY sports large enterprise customers for its CDN Services. It is definitely a good stock to hold for the long term. But should you enter now? Here is a Fibonacci retracement overlayed with a pitchfork. Look for a pullback from one of the Fibonacci lines before buying. One problem: Earnings are coming up tomorrow. This will create impulse price movements. But, should settle into the Fibonacci levels.
Note
FSLY announced earnings last night and I like how beautifully the trading range today respected the bottom level of the pitchfork!Note
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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.