Fastly, Inc.Short
Shorting Fastly- Rejection at the right shoulder spells trouble
The consolidation has been ongoing and the bearish engulfing candle at the right shoulder is showing the 2nd rejection. As such, we think that the price will target 123.6% of the head and shoulder minimally which if it rebounded strongly, it means the Head and shoulder will have a failed break below.
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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.