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  • Writer's pictureT. Livingston

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.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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