FEYE is at a pivot point in the current trend. If the share price is able to regain support above the upper resistance (green uptrend channel), it has the potential to challenge the price trend from ATH levels.
The projected buy zones are indicated by the green rectangles.
The upper buy zone triggers when a daily candle is able to close over the above volatility squeeze indicated candle on the weekly chart ($22.64).
The lower buy zone triggers either when price action has fallen below the current green uptrend channel and regained support within it. Or if the price is able to find a base without breaking support of the current channel.
An expanded weekly view chart is provided as well for line references.
**Next earnings is expected in early May, I do believe the action this upcoming week will decide what the price action will trend into earnings with.
**Not financial advice
The projected buy zones are indicated by the green rectangles.
The upper buy zone triggers when a daily candle is able to close over the above volatility squeeze indicated candle on the weekly chart ($22.64).
The lower buy zone triggers either when price action has fallen below the current green uptrend channel and regained support within it. Or if the price is able to find a base without breaking support of the current channel.
An expanded weekly view chart is provided as well for line references.
**Next earnings is expected in early May, I do believe the action this upcoming week will decide what the price action will trend into earnings with.
**Not financial advice
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