Eben@CANSLIM ResearchFSLY is trading at $28.78, holding above a rising 30-week moving average within a confirmed Stage 2 advance. The stock passes all eight trend-template checks, with price 327% above its 52-week low and just 14.1% off its high, underscoring a robust long-term uptrend.
However, the current base is a deep 51.6% correction over 18 weeks, a pattern with an elevated failure rate, and no VCP or bull-flag confirmation has emerged. Sentiment is constructive but awaiting a decisive breakout above the $33.50 pivot, with the recent 44.6% run and shallow pullback suggesting a potential power-play setup.
Technical Analysis
As of 2026-08-11 · Close $28.78
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 12.22%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 51.6%, length 18 weeks, pivot $33.5. Base formed from 2026-04-02 (left-side high) to 2026-08-11, with the low of $16.22 set on 2026-06-25
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ Faulty cup warning: the base is 51.6% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
Subscribe to continue reading
Become a paid subscriber to get access to the rest of this post and other exclusive content.
