FSLY Could Be Setting Up for a 100% Rally

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FSLY Could Be Setting Up for a 100% RallyFastly, Inc. Class ABATS:FSLYibraheeemzFSLY has officially turned bullish after breaking out of a long consolidation range in February 2026, signaling a potential trend reversal. The stock rallied to a swing high near 34.8 before undergoing a healthy correction back into the Fibonacci Golden Pocket around 15.7. Buyers stepped in aggressively at this level, producing a strong rebound on more than twice the average daily volume, marking a double bottom pattern, price also just crossed daily EMA 200. As long as the stock holds above 15 on a daily closing basis, the bullish structure remains intact. I expect FSLY to resume its uptrend and retest the previous high around 34.8. Further rally will begin after the breakout above 35. The first major hurdle lies near 22, where a strong resistance zone must be cleared. A decisive breakout above that level could open the door for a move toward the prior highs. Bullish thesis invalidation: A daily close below 15.