There have been rumors that CSCO is planning to acquire FSLY. FSLY has been a beaten-down ticker due to their revised guidance a while ago. With the TikTok news not being a top headline these days and a CSCO acquisition rumor looming in the air, we can see this massive gap on FSLY potentially being filled soon.
I'm planning to enter if it retraces to $90.51 for a reversal play, or if it breaks $99.33 with significant volume for a momentum breakout play.
As with all rumor-driven plays, please be cautious as we can see a sell the news, depending on whether the acquisition goes through or not, and how much it would be for if it does go through.
PT 1: $108.15
PT 2: $120.70
PT 3: $136.96
PT 4: 156.01
Stop Loss: $90
I'm planning to enter if it retraces to $90.51 for a reversal play, or if it breaks $99.33 with significant volume for a momentum breakout play.
As with all rumor-driven plays, please be cautious as we can see a sell the news, depending on whether the acquisition goes through or not, and how much it would be for if it does go through.
PT 1: $108.15
PT 2: $120.70
PT 3: $136.96
PT 4: 156.01
Stop Loss: $90
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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.
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.