FAST — Breakout Structure

Hello Everyone, Followers,

FAST is the second one for today.

Let''s drill down:

📈 FAST is forming a clean breakout structure after a prolonged downtrend and base formation.

Price has broken above descending resistance and is now attempting to reclaim key moving averages.

🔹 Technical Overview

After months of consolidation and lower highs, FAST has broken its descending trendline and is building a higher low structure.

This suggests a transition from bearish to bullish market structure.

This is a classic base → breakout → continuation setup.

🔹 Key Levels

Support

42.5 – 43.0 → Breakout zone
40.0 – 40.5 → Rising trendline
38.0 – 39.0 → Demand zone

Resistance / Targets
45.0 – 46.5 → Fib resistance
48.5 – 50.0 → Prior range high

🔹 Outlook

FAST is attempting to reverse its downtrend.
Holding above the breakout zone keeps the bullish structure valid.

My first target is 45.50 - 46.00 and it will probably close the GAP that it created on October 25


🔹 My Plan

Watching for breakout retest near 42.5 – 43.0
Bullish bias above rising trendline
Invalidation if price loses 40.0

If you enjoy and like clean, simple analysis — follow me for more.

This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.

Have a lovely Sunday to all and hopefully green trade day for next Week.

#SPX500 #NASDAQ #FAST