TrueTraderOfficial

Midweek Watch 8/04 - $FSLY SHORT

Short
NYSE:FSLY   Fastly, Inc
My Level: SHORT at $40 and $41


Why: I'm looking for a fade on this on a pop. This has a $2 - $3 range on this. When you look at their earnings , the top line they missed by a hair and they are talking about cutting their fiscal year 21. No one likes when they start cutting guidance. This is a name that is already breaking down and could remain heavy. Sometimes these are the easiest trades. Could give us the opportunity for a slow fade.

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.