FSLY: 2 month long Head & Shoulders amidst TIKTOK concerns
Technicals:
Potential 2 month long head and shoulders spotted.
MACD and RSI signals a continual bear trend(despite short term reversals)
Fundamentals:
FSLY forming a 2 month long head & shoulders amidst TIKTOK concerns and prolonged negotiations on TIKTOK acquisitions. TIKTOK is currently FSLY's largest customer: delayed acquisitions and potential ban will put FSLY in a vulnerable state.
Wait for break below neckline for confirmation.
Potential 2 month long head and shoulders spotted.
MACD and RSI signals a continual bear trend(despite short term reversals)
Fundamentals:
FSLY forming a 2 month long head & shoulders amidst TIKTOK concerns and prolonged negotiations on TIKTOK acquisitions. TIKTOK is currently FSLY's largest customer: delayed acquisitions and potential ban will put FSLY in a vulnerable state.
Wait for break below neckline for confirmation.
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