1/24/2018 FEYE has been on my radar for a while. This lackluster stock has not moved above its resistance and has yet to have a profitable year. Fourth Quarter 2017 should be close to breakeven for this company. Need to pay attention to the earnings release.
Technically, it has created a nice bell shape (normal) distribution on the profile with a point of control that has not moved since May of 2017. This auction is sort of complete and is ready to move. Since price has stayed above the Point of control, my bias is to the long side. I am entering a small long at 15.30. Upon clearing resistance around ~20 I will be adding to the position on the pullback at ~19.00.
Setting up alerts on TradingView to get an email when this happens
Technically, it has created a nice bell shape (normal) distribution on the profile with a point of control that has not moved since May of 2017. This auction is sort of complete and is ready to move. Since price has stayed above the Point of control, my bias is to the long side. I am entering a small long at 15.30. Upon clearing resistance around ~20 I will be adding to the position on the pullback at ~19.00.
Setting up alerts on TradingView to get an email when this happens
Trade active:
This trade is still active but we have yet to reach resistance. I took 100 shares off 16.90 just to pocket the $150.00, but will continue to add upon the pullback when it reaches ~19.50/20.00 when it happens.