Today's session produced a broad rally across cloud infrastructure, Cybersecurity , and internet-media names. Fastly ( Nasdaq : FSLY) exploded more than 20% on heavy Volume , Akamai (NASDAQ: AKAM) and Netskope (NASDAQ: NTSK) both gained nearly 6%, and Tencent Music (NYSE: TME) and Cloudflare (NYSE: NET) added further gains ranging from roughly 1.5% to nearly 4%. Volume was elevated across the group, with several names breaking above key moving averages after multi-month bases or corrections.

Fastly, Inc. (NASDAQ: FSLY) — Explosive 20% Gap Breaks Out of a Multi-Month Base

Key Highlights

  • FSLY trading at $27.65, up 20.43% ($4.69) on volume of 9.18M shares, after ranging between $22.42 and $27.72 on an open at $22.45.
  • Price has surged well above both the 20-day EMA ($22.27) and the 50-day EMA ($20.93), clearing a range that had capped the stock since April.
  • RSI has spiked to roughly 70.13, with the signal line at 61.34 — a sharp move into overbought territory.
  • FSLY spent late 2025 basing in the high single digits before an explosive breakout in February 2026 carried it to a April high near $35; the stock then corrected sharply into a June low near $15 before grinding back into the low $20s through the summer.
  • Today's gap is by far the largest single-day move on the chart since the initial February breakout.

Trend Structure FSLY's chart shows a long, flat base through 2025, followed by an explosive uptrend from single digits in February 2026 to an April peak near $35. A sharp multi-month correction followed, and today's session breaks decisively back above both EMAs on heavy volume, reclaiming ground lost since April.

Key Technical Levels Resistance

  • ~$30.00 – Psychological round-number level
  • ~$35.00 – April 2026 high

Support

  • $22.27 – 20-day EMA
  • $20.93 – 50-day EMA
  • ~$20.00 – Recent summer consolidation shelf

Outlook FSLY's breakout is a decisive technical development on the heaviest volume in months, though the deeply overbought RSI raises the risk of near-term consolidation. Holding above $22 on any pullback would confirm the breakout has staying power; a fast fade back into the prior range would suggest today's move needs more time to digest.

Akamai Technologies, Inc. (NASDAQ: AKAM) — Sharp Bounce, Still Below Both EMAs

Key Highlights

  • AKAM trading at $117.15, up 5.98% ($6.61) on volume of 3.96M shares, after ranging between $107.32 and $120.14 on an open at $107.37.
  • Price remains just below both the 20-day EMA ($118.06) and the 50-day EMA ($121.10), despite today's sharp bounce.
  • RSI has climbed to roughly 47.97, with the signal line at 44.21 — a firm recovery back toward the midpoint after a multi-week slide.
  • AKAM rallied from roughly $80 in late 2025 to a May 2026 high near $165, then corrected steadily through the summer into a range roughly between $105 and $130.
  • Today's gain is among the largest single-day moves since the spring rally phase.

Trend Structure AKAM's chart shows a steady uptrend from a late-2025 base into a May 2026 peak, followed by a sustained decline that has erased a significant portion of those gains. Today's session marks a sharp bounce off the recent range lows, though price has yet to reclaim either Moving Average .

Key Technical Levels Resistance

  • $118.06 – 20-day EMA
  • $121.10 – 50-day EMA
  • ~$130.00 – June/July 2026 consolidation shelf

Support

  • ~$107.00 – Today's intraday low / recent range low
  • ~$100.00 – February/March 2026 consolidation area

Outlook AKAM's bounce is a constructive first step after a punishing decline, but the stock still needs to reclaim both EMAs to fully repair the chart. Holding above $110 on any pullback would support the case for a durable low; a quick fade back toward $107 would keep the downtrend intact.

Netskope, Inc. (NASDAQ: NTSK) — Fresh Highs Since December on Rising Momentum

Key Highlights

  • NTSK trading at $15.72, up 5.72% ($0.85) on volume of 4.61M shares, after ranging between $14.73 and $15.85 on an open at $14.84.
  • Price has extended well above both the 20-day EMA ($13.11) and the 50-day EMA ($12.12), continuing a steady climb off the winter lows.
  • RSI has climbed to roughly 71.61, with the signal line at 56.87 — a move into overbought territory.
  • NTSK declined from an October 2025 high near $27 into a February 2026 low near $8, then built a choppy, higher-lows recovery through the spring and summer that has carried the stock to its best levels since December.
  • Today's gain extends a multi-week uptrend to fresh highs for the move.

Trend Structure NTSK's chart shows a persistent decline from a late-2025 peak into a February 2026 low, followed by a gradual, higher-lows recovery through the spring and summer. The stock has now cleared its late-2025 basing levels and is pressing to fresh highs since December on today's session.

Key Technical Levels Resistance

  • ~$16.00 – Recent swing-high area
  • ~$21.70 – December 2025 high

Support

  • $13.11 – 20-day EMA
  • $12.12 – 50-day EMA
  • ~$12.00 – June 2026 basing area

Outlook NTSK's steady grind higher is a constructive technical development, though the overbought RSI raises the risk of a near-term pause. Holding above $13 on any pullback would keep the recovery intact; a break back below the 20-day EMA would suggest the rally needs more time to consolidate.

Tencent Music Entertainment Group (NYSE: TME) — Grinding Higher Off a Multi-Month Base

Key Highlights

  • TME trading at $9.88, up 3.67% ($0.35) on volume of 8.64M shares, after ranging between $9.47 and $9.93 on an open at $9.48.
  • Price is trading near its 20-day EMA (~$9.30) and continues to close the gap toward its 50-day EMA (~$10.30), which has been declining as the base matures.
  • RSI has climbed to roughly 66.47, with the signal line at 59.30 — a firm move into bullish territory.
  • TME fell from a late-2025 high near $24 into an April 2026 low near $8 in a steep, sustained decline, and has since spent the spring and summer stabilizing and grinding gradually higher.
  • Today's gain extends a slow, multi-month recovery to its best levels since the crash.

Trend Structure TME's chart shows a long, steep decline from a late-2025 peak into an April 2026 low, followed by a prolonged basing period and a gradual, grinding recovery through the summer. Today's session continues that slow uptrend without any sign of the sharp Volatility that characterized the decline.

Key Technical Levels Resistance

  • ~$10.30 – 50-day EMA / recent swing-high area
  • ~$12.00 – March 2026 breakdown level

Support

  • ~$9.30 – 20-day EMA / recent base
  • ~$8.00 – April 2026 low

Outlook TME's slow grind higher is constructive after a punishing decline, and today's gain keeps the stock pressing toward its 50-day EMA. Reclaiming that level would strengthen the recovery case; a fade back below $9 would suggest more basing is needed before the next leg higher.

Cloudflare, Inc. (NYSE: NET) — Pulling Back Slightly After Fresh All-Time Highs

Key Highlights

  • NET trading at $304.79, up 1.51% ($4.52) on volume of 4.61M shares, after ranging between $290.49 and $306.83 on an open at $295.50.
  • Price remains well above both the 20-day EMA ($279.41) and the 50-day EMA ($260.16), following a powerful multi-month uptrend to fresh all-time highs.
  • RSI sits at roughly 66.69, with the signal line at 60.75 — firmly bullish but not yet extreme.
  • NET rallied from a choppy $180-$220 range in late 2025 through an April 2026 dip near $180, then climbed steadily to fresh all-time highs above $320 this week before today's modest pullback.
  • Today's session is a pause within an otherwise uninterrupted uptrend.

Trend Structure NET's chart shows a choppy, range-bound stretch through late 2025 and early 2026, followed by a steady, well-supported uptrend from the April low that has carried the stock to fresh all-time highs. Today's session is a modest pullback from this week's peak, with the trend structure fully intact.

Key Technical Levels Resistance

  • ~$325.00 – This week's all-time high

Support

  • $279.41 – 20-day EMA
  • $260.16 – 50-day EMA
  • ~$260.00 – April 2026 swing area

Outlook NET's uptrend remains one of the strongest in the group, with price well above both EMAs after a steady, low-volatility climb. A hold above $280 keeps the bullish structure intact; a deeper pullback toward the 50-day EMA would be the first real test of the trend since the spring.

This analysis is based on Daily Chart technical indicators (20/50-day EMAs, RSI-14) and price action as of August 10, 2026, and is intended for informational purposes only — not Investment advice.