When we look at the headlines, we have to realize that these are just trying to grab our attention and take away from what we should be really paying attention to. Breakouts! Instead of just looking at the index or tuning into financial media for the latest narrative, we should be looking for things to buy. Today we will look at FSLY. Let’s hop on the chart.
This is the type of chart that we want to own. The pullback that took place didn’t affect every stock the same. Some of the stocks just went into a basing pattern and are now breaking out. This is bullish. Last time we saw a breakout like this, we went all the way to the 200% fib extension. The breakout looks very similar to last time and the stock has stayed in a bullish regime since April. We have a bullish trend and a bullish breakout. What more could you ask for?
Happy Trading!
This is the type of chart that we want to own. The pullback that took place didn’t affect every stock the same. Some of the stocks just went into a basing pattern and are now breaking out. This is bullish. Last time we saw a breakout like this, we went all the way to the 200% fib extension. The breakout looks very similar to last time and the stock has stayed in a bullish regime since April. We have a bullish trend and a bullish breakout. What more could you ask for?
Happy Trading!