$FSLY Fastly Inc Stock Robo Analyst October 13 2020 #FSLY

Fastly Inc (FSLY)”On a long-term technical basis, the stock (FSLY) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 90.01 suggesting the next support level is at 75.22. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 75.22 and 71.39. If the stock breaks down through support at 75.22 then it will probably continue lower to 71.39. The stock will meet resistance at 90.01 and 99.69. If the stock breaks up through resistance at 90.01 then it will probably continue higher to 99.69. The 200-day moving average is at 53.01. This will also act as support. The stock is neutral according to the Stochastic Indicator (56.75).”