Fastly stock shows bullish momentum ahead of August earnings, with key support at $17 and resistance at $22.

Fastly (FSLY) is currently in a technical breakout, trading above major resistance and its 50-day EMA, indicating strong bullish momentum. The stock's 200-day EMA and anchored VWAP near $17 are expected to act as solid support levels, backed by institutional demand. Options markets predict a 14.5% price move before the August 5 earnings report, with resistance at $22 and support at $17. The analyst plans to capitalize on this momentum up to earnings, using a breach of the 50-day EMA as a stop-loss to limit risk.