The timing is right for FEIM - high tight flag before earningsFEIM manufactures technology for timing things. They're an old company that's found newfound relevance with big budgets going to rockets and satellites and military tech that requires absolute precision timing.
THe fundamentals are great and the chart shows a high tight flag pattern getting ready for earnings.
FEIM releases earnings on Thursday, 9/11. I'm planning on prepping to buy if they release positive earnings because it could jump to the next stage of its flag.
FEIM trade ideas
FEIM - Trade PlanWill enter if the stock holds strongly above $11. I never go in blind. If the price can't hold, this plan is invalid.
STOP LOSS - $10.80
PROFIT TARGETS - $11.50, $12
I think 10.80 will be solid support. Volume was great this week and we broke through some important levels of resistance.