Fastly: the decline holds but loses steam, double bottom in the 16 area

Fastly is in the 12th week of its sell signal, and the week just closed recovered 6.0% with a double bottom in the 16 area and a 40% intermediate rebound. The technical picture over recent weeks shows a decline that holds direction but is losing steam: the price sits between the first resistance, the daily pivot point average in the 18.2 area, and the first support, the 20-day average in the 18 area.