FSLY- Flag Pattern
Fastly, $FSLY, looks to be emerging from a flag pattern. This stock has been extremely powerful over the past few months and may just be beginning another move higher. On the surface, it looks to be extended and due for a reaction, but sometimes really powerful stocks don't pullback much. They barely budge. This can be scary, but sometimes it is actually a sign of strength. Because earnings are this week, I am using a wide stop loss on this one. I've learned that even when I see a chart I really like, I must always guard against risk.
Full Disclosure: FSLY is a stock I currently own.
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