itshabib

FSLY heading towards major support

Short
NYSE:FSLY   Fastly, Inc.
FSLY has had pretty red couple of weeks for FSLY. It closed below the 200 day and there aren't signs of a reversal yet. I'm very interested to see what it does around ~70 if it gets there. That has been a huge support in the past. If it can hold 70 I'm sure the IV would be good enough to have good opportunities with bullish broken wing butterflies or bullish credit spreads. Under 60 it looks pretty grim.

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