SR618
Long

FEYE Daily & Hourly long setup.

NASDAQ:FEYE   FIREEYE INC
58 0 0
Daily Chart
Price has returned to a gap over a resistance that hopefully will serve as support. FEYE             is also in a Fib zone, with both Stoch and Osc oversold. Could be making a flag pattern .

Hourly Chart
Hour chart shows clearly that the flag pattern is an orderly move down in a down channel . And could be making a double bottom , with the Osc showing divergence.

I will be going long once price breaks above the regression trendline on the hourly chart. Will scale out some at around $40-$42 with major price target around $45.

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