80% of the time, gaps fill and 80% of the time the trading vehicle will revert back after filling the gap.
18% return approx: timeframe uncertain
FEYE gapped down on the good news of announcing the sale of their products business for $1.2 billion so they can focus on SaaS/cloud and a $500 million dollar share buyback program.
Funny how the market acts...
FEYE has been building a base for almost 5 months now in the form of a bullish pennant and is just beginning to break out.
The reason FEYE is different than CRWD is that they are more of a service in times of crisis than a monthly/yearly subscription to the software (although they do that as well and are involved with cloud services). They are the crisis team...
After moving into a flag from end of December 2020 to half March 2021, the price has been going sideways from March 15th, using 19$ as strong support area and 21.5$ as support.
Within this channel the price has rebounded on support with volume on Apr 29th and May 13th and in my pinion is going to attach the 21.5$ resistance again in few days.
In my personal...
(This is not financial advice)
Hey guys, this is a quick look and TA on FEYE that I decided to take a look at. FEYE has flown under the radar on the technology sector but is a very solid company and I am confident in it for the long term. Short term it seems to be bouncing off this bullish flag as well as the Fib Retracement pretty well. Along withe fact that on...
I have been very very patient with one. I still think its a $50-60 stonk.
Cyber security is a hot industry. FEYE is a great cybersecurity company. It has not caught momo attention yet but it will. Flag look gorgeous, long term bottoming pattern looks terrific. It deserves a move to $55.
Gigantic flag/accumulation after december pump, price slowly decreasing with low volume, great retest of previous S/D + Golden ratio. I like entry here at $21 aiming at least up to $28-$30 level. For options, look for leaps.
Here you guys saw my previous idea about this financial instrument
However this flag became drawn-out. Three touches of support and resistance zones has happened.
So now there was a breakout. Possible retest of a new support zone is expected.
And there are 2 possible price targets.
Follow the chart...
One more idea for today, wolves🔥
Great opportunity to make money! There is a flag formation on big timeframe. So there is a big possibility of growth on this instrument.
The price is heading to breakout but it may bounce from the resistance in short term.
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my...
Go long FEYE. It appears to be building significant strength. Hopefully, this launches past resistance within the next 7 days. A shortened trading week this week will hopefully result in pent-up trading demand being unleashed. Don't forget there is still somewhere around $5 trillion dollars in money market funds waiting to be deployed in the stock market.
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...
Based on the research done by Bulkowski in Encyclopedia of Chart Patterns, the highest probability patterns are high tight flags in established uptrends.
Performance rank of 1/23 in bull markets (based on his assessment of chart patterns). His study was based on 1991 - 2005 data.
From the book -
"The average rise in a bull market is 69% and patterns in both...
The Cyber Security issue is a huge thing these days. FEYE is a company that deals with this shit...
I see a clear Wave 3 up followed by a nice smooth wave 4 down
The Gator is Sleeping and Box is Tight
Meanwhile, on the AIMS Wave (the Awesome Oscillator) we have a Peak of 3 and cross of ZL.
Price is above the purple
Entry: Above the BOX at $ 22.41
A long forming pennant is approaching the apex in FEYE. This looks like the technical set-up needed to boost it past $25 a share and head towards $30.
Potential break-out to new all-time highs. RSI is at about 50 and on the last break-out, it reached 93, nearly 94. That gives FEYE a lot of breathing room to accelerate.
We have seen wave 1,2,3 and 4. Now I am expecting wave 5. Looks like wave 4 is completing and we may possibly start to see the beginning of wave 5. At point 1 we see a similar 12345 lower degree structure there. The price action now proves it. Thank you for always supporting the ideas I post here.