The last two trading days have shown low volume , with a huge move to the upside from $16.90. I think the gap around $16 on the daily chart still needs needs to be filled. I do believe this company is turning around and has a ton of potential for growth. After the gap is filled, it will go through the resistance around $20.50.
NASDAQ:FEYE is forming a beautiful cup and handle pattern. Go long after breakout.
Cybersecurity will be one of the biggest trends in the coming years so this could also be a nice long term opportunity.
In the short term this is certainly a nice pattern that offers opportunities.
Looking at the weekly chart (below), we see FEYE on an up-trend and lately corrected to 50% Fibonacchi level which is also acting as a strong historical support level.
Moving down to the Daily chart, the price recently broke the downward trend line with MACD histogram increasing. Our entry trigger would be at $17.71 and...