Fastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well.
All price targets are noted in dotted green lines using Fibonacci Extensions.