Lanmar

Monthly and weekly bull flags. I like these...

Long
NASDAQ:FEYE   FireEye, Inc
These stocks aren't related in the slightest, but they both have a very strong look to them.

Last analysis on FEYE:
Join my free Discord here: https://cutt.ly/1kn8XMT

Comments

THanks for the update. I bought in FEYE last time but wait fro long to break out and sold for a little loss. Even with good news for the stock (bad for society in general) the stock did not react. There is big security breach news again today. Do you feel its a confirmed breakout this time? What is your upside target? TIA.
+1 Reply
Lanmar HHSPN
@HHSPN,Yes it's been taking some time to develop, but the key thing to pay attn to IMO is how strong the name has been throughout the growth stock fallout. A lot of relative strength there to consider. For my system the breakout happened last week. We may back and fill a bit the following week, but this is likely a minimum multi-month hold for me. Target 1 is 35.. then looking for 50+
Reply
HHSPN Lanmar
@Lanmar, Interesting, what do you make of the news this afternoon. I would have expected it to trade higher with 1.2 Bil cash sale(of course the revenues will take a hit), the was trading down AH.
Reply
Lanmar HHSPN
@HHSPN, Market hates it - I got stopped at 19.90. Was my top 3 position, so not fun!
Reply
HHSPN Lanmar
@Lanmar, Bummer. Is the chart technically damaged? I mean is there more downside. When they trade with new name/ticker the history of price movement will remain with it. The market they are in is great, it might take some time to clear out the noise create by the sale and build on fundamentals. If they run it well as a consulting firm they might bring in more dollars.
Reply
Lanmar HHSPN
@HHSPN, on the daily, yes definitely. Weekly is also damaged for some time. From here it needs to rebuild and base again.. probably catch up with the 200dma. Whenever such high probability patterns fail I avoid the asset for a long time
Reply
HHSPN Lanmar
@Lanmar, got it. Thanks for time, and good luck.
Reply
Lanmar HHSPN
@HHSPN, thx buddy you too
Reply