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.
As we move to a digital world, cyber security could never be more important. Absolute massive growth potential. Still researching the company but so far looks very promising. I see price doubling in 2021
Earnings didn't entirely please analysts so it has been trading down ever since but that's folly in my opinion. Fire-Eye is the best cybersecurity play in the Small-Mid cap range; Crowdstrike has gotten too far ahead of itself for me to be comfortable buying at those levels. Go long FEYE Short-term Price Target: $25 Mid-Point: $30. (sell...
Revisiting $ZS after our incredible first trade on it. Now that we've established new highs, this opens some further targets for continuation. Trend looks healthy - but I would like to see a pop above the pitchfork midline 👍 TG1: 226.38 TG2: 237.69 TG3: 244.68 Invalidation under: 208.08 Leave some feedback below if you have any! And don't forget to...
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
FEYE has recently caught my attention. Moving into some areas of interest. My first levels of possible resistance would be around the black diagonal line, followed by the 2 green horizontal line which are 3M levels of interest. My first take profit area will be somewhere above the 2 green lines. This is a longer term (months) trade for me if it goes well. Cheers!
$FEYE found support as 50SMA with high volume. It is a descent sign for a bullish trend. 12 months Consensus Price Target: $16.17 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
$FEYE FireEye Bull Flag Breakout Cybersecurity company FireEye seeing strong volume today (2x avg) and some massive call option flow. Unusual options activity: 33,000 Jul 17 $12.50 (ITM) Calls traded today vs open interest of <700 (50x OI) for a premium outlay of $2M+ Ideally would like to see a close above $12.50 today. Near term target: $14.00 within next 2-3...
It is breaking 50SMA today with super volume. RSI is hitting the resistance. It just needs to go above $11.94
looks like when FEYE hits low 20s for RSI it seems to bounce pretty significantly shortly after. could be a great scalp on some OTM calls. GLTA
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.
After analysts punished FEYE for a less that perfect earnings outlook, FEYE has retraced back to the trendline it fell from. However, volume over the course of the retracement has waned, which could be a sign things may get a worse before they get better. I have outlined my 2 ideas below. Short: FEYE falls through its major support line (purple line)...
This could be the start of a pullback to retest resistance (possible neckline of inverse head and shoulders). Good volume on doji indicates resistance and pressure to the downside. This is a short term play only (see long term idea for FEYE below)
FEYE is poised for a nice breakout after breaking out of a nice pennant consolidation. News of the new incoming of Chief Security John Bolton may boost the stock more. If it were to break out, I would expect it to at least fill the gap at $26
I see a nice resistance on top which is holding for a while a breach below lower trend line could dump this market more down.Trade Safe
Just realized I never posted this one. Triggered in Yesterday with the odd bearish gap in the markets. Good retest gap. 2R target should be doable. Lots of room above 2R before the next major resistance. May be too late for others to enter, but wanted to post it anyway.