Fastly Is In The Slow Lane...For Now

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. It is a programmable platform designed for Web and application delivery.

Fastly works behind the scene and ensures that when you want to load up a website, it loads quickly not matter where you are in the world. And although the parent company of TikTok is no longer a customer, Fastly's stock will once again move fast in the very near future.

https://www.fool.com/investing/2020/10/28/i-never-buy-dip-but-heres-why-doubled-down-fastly/

https://www.thestreet.com/investing/fastly-misses-q3-estimates?puc=yahoo&cm_ven=YAHOO

https://finance.yahoo.com/news/bytedance-pulls-most-tiktok-traffic-214127487.html

https://www.barrons.com/articles/fastly-lost-tiktok-but-ceo-says-ive-never-been-more-bullish-51603921961?siteid=yhoof2

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.